Which statement regarding donor's tax is false?

The assertion that only individuals are subject to donor's tax is false because donor's tax can be imposed on both individuals and corporations. In many jurisdictions, corporations that make gifts can also be liable for donor's tax just like individuals. This tax obligation applies regardless of the entity making the donation, highlighting that the liability is not restricted to personal gifts.

The other statements address correct aspects of donor's tax. Donations made to second cousins indeed fall under the tax's purview, as donor's tax typically applies to gifts to all relatives. Furthermore, public donations can qualify for tax exemptions under certain conditions, encouraging philanthropy while adhering to tax regulations. Thus, the claim that donor's tax is exclusive to individuals does not reflect the full scope of the law.