Internal Revenue Code:Sec. 2623. Taxable amount in case of direct skip

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Contents


Location in Internal Revenue Code


     TITLE 26 - INTERNAL REVENUE CODE
      Subtitle B - Estate and Gift Taxes
       CHAPTER 13 - TAX ON GENERATION-SKIPPING TRANSFERS
        Subchapter C - Taxable Amount

Statute

    Sec. 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.

Sources

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

Miscellaneous

                               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.
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