§2623. Taxable amount in case of direct skip
Primary source
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.
Legal Commentary (Cornell LII)
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 .
Commentary sourced from Cornell Legal Information Institute (used per LII robots.txt with 10s crawl-delay).
Recent related rulemaking (Federal Register)
No recent rulemaking references this section title in the Federal Register.
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