Statutes, codes, and regulations
United States Code
Title 26 - INTERNAL REVENUE CODESubtitle B - ESTATE AND GIFT TAXESChapter 13 - TAX ON GENERATION-SKIPPING TRANSFERS
Subchapter C - TAXABLE AMOUNT
Section 2623 - Taxable amount in case of direct skip

26 U.S.C. § 2623

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Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)
Section 2623 - Taxable amount in case of direct skip

For purposes of this chapter, the taxable amount in the case of a direct skip shall be the value of the property received by the transferee.

26 U.S.C. § 2623

Added Pub. L. 99-514, title XIV, §1431(a), Oct. 22, 1986, 100 Stat. 2721.

STATUTORY NOTES AND RELATED SUBSIDIARIES

EFFECTIVE DATESection applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after Oct. 22, 1986, except as otherwise provided, see section 1433 of Pub. L. 99-514, set out as a note under section 2601 of this title.