26 U.S.C. § 2623Chapter 13

§2623. Taxable amount in case of direct skip

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Verbatim text below is from the United States Code (GovInfo), a public-domain U.S. government work.

Full Text

§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.

Statutory Notes and Related Subsidiaries

Effective Date

Section 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.

Last amended: December 31, 2024

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