26-U.S.C.-2206
§2206 – Liability of Life Insurance Beneficiaries
Pathway
Title 26 > Subtitle B > Chapter 11 > Subchapter C > Section 2206
Details
- Reference: Section 2206
- Legend: §2206 – Liability of Life Insurance Beneficiaries
- USCode Year: 2013
Provision Content
Unless the decedent directs otherwise in his will, if any part of the gross estate on which tax has been paid consists of proceeds of policies of insurance on the life of the decedent receivable by a beneficiary other than the executor, the executor shall be entitled to recover from such beneficiary such portion of the total tax paid as the proceeds of such policies bear to the taxable estate. If there is more than one such beneficiary, the executor shall be entitled to recover from such beneficiaries in the same ratio. In the case of such proceeds receivable by the surviving spouse of the decedent for which a deduction is allowed under section 2056 (relating to marital deduction), this section shall not apply to such proceeds except as to the amount thereof in excess of the aggregate amount of the marital deductions allowed under such section.
(Aug. 16, 1954, ch. 736, 68A Stat. 402; Pub. L. 94–455, title XX, §2001(c)(1)(H), Oct. 4, 1976, 90 Stat. 1852.)
Amendments
1976—Pub. L. 94–455 substituted the taxable estate for the sum of the taxable estate and the amount of the exemption allowed in computing the taxable estate, determined under section 2051 after policies bear to.
Effective Date of 1976 Amendment
Amendment by Pub. L. 94–455 applicable to estates of decedents dying after Dec. 31, 1976, see section 2001(d)(1) of Pub. L. 94–455, set out as a note under section 2001 of this title.
U.S. Encyclopedia of Law Coverage
26-U.S.C.-2058 in the Legal Encyclopedia: Estate Tax
In this entry about 26-U.S.C.-2058, find legal reference material, bibliographies and premiere content related to estate tax in the American Encyclopedia of Law, presenting a comprehensive view of the United States estate tax-specific issues, written by authorities in the field.
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