gift tax

A tax imposed when property is voluntarily and gratuitously transferred. • Under
federal law, the gift tax is imposed on the donor, but some states tax the donee. [Cases: Internal Revenue 4200; Taxation 906.10. C.J.S. Internal Revenue §§ 493–494, 499, 557–565, 573–575; Taxation §§ 1783–1784.]
[Blacks Law 8th]