26-U.S.C.-2623

§2623 – Taxable Amount In Case of Direct Skip

Pathway

Title 26 > Subtitle B > Chapter 13 > Subchapter C > Section 2623

Details

• Reference: Section 2623
• Legend: §2623 – Taxable Amount In Case of Direct Skip
• USCode Year: 2013

Provision Content

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.

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

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.

U.S. Encyclopedia of Law Coverage

Title 26 – Internal Revenue Code in the Legal Encyclopedia: Tax on Transfers

In this entry about Title 26 – Internal Revenue Code, find legal reference material, bibliographies and premiere content related to tax on transfers in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax on transfers-specific issues, written by authorities in the field.

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