634.1 Applicability. This chapter shall apply only to trusts which are private foundations as defined in section 509 of the Internal Revenue Code, charitable trusts as described in section 4947(a) (1) ofthe Internal Revenue Code, or split-interest trusts as described in section 4947(a) (2) of theInternal Revenue Code. With respect to any such trust created after December 31, 1969, thischapter shall apply from such trust’s creation. With respect to any such trust created beforeJanuary 1, 1970, this chapter shall apply only to such trust’s federal taxable years beginningafter December 31, 1971. [C73, 75, 77, 79, 81, §634.1] Sat Dec 23 12:17:56 2023 Iowa Code 2024, Section 634.1 (15, 0)
Iowa Legal Code