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2017 US Code
Title 26 - Internal Revenue Code
Subtitle B - Estate and Gift Taxes
Chapter 13 - Tax on Generation-Skipping Transfers
Subchapter C - Taxable Amount
Sec. 2623 - Taxable amount in case of direct skip
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26 U.S.C. § 2623 (2017) |
§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. |
(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. |
United States Code, 2012 Edition, Supplement 5, Title 26 - INTERNAL REVENUE CODE |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 26 - INTERNAL REVENUE CODE Subtitle B - Estate and Gift Taxes CHAPTER 13 - TAX ON GENERATION-SKIPPING TRANSFERS Subchapter C - Taxable Amount Sec. 2623 - Taxable amount in case of direct skip |
section 2623 |
2017 |
January 12, 2018 |
No |
standard |
100 Stat. 2721 |
Public Law 99-514 |
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