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26 U.S.C. § 2039 — Annuities

submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 213 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) General

The gross estate shall include the value of an annuity or other payment receivable by any beneficiary by reason of surviving the decedent under any form of contract or agreement entered into after March 3, 1931 (other than as insurance under policies on the life of the decedent), if, under such contract or agreement, an annuity or other payment was payable to the decedent, or the decedent possessed the right to receive such annuity or payment, either alone or in conjunction with another for his life or for any period not ascertainable without reference to his death or for any period which does not in fact end before his death.

(b) Amount includible

Subsection (a) shall apply to only such part of the value of the annuity or other payment receivable under such contract or agreement as is proportionate to that part of the purchase price therefor contributed by the decedent. For purposes of this section, any contribution by the decedent’s employer or former employer to the purchase price of such contract or agreement (whether or not to an employee’s trust or fund forming part of a pension, annuity, retirement, bonus or profit sharing plan) shall be considered to be contributed by the decedent if made by reason of his employment.

Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 384; Pub. L. 85–866, title I, §§ 23(e), 67(a), Sept. 2, 1958, 72 Stat. 1622, 1658; Pub. L. 87–792, § 7(i), Oct. 10, 1962, 76 Stat. 830; Pub. L. 89–365, § 2(a), Mar. 8, 1966, 80 Stat. 33; Pub. L. 91–172, title I, § 101(j)(23), Dec. 30, 1969, 83 Stat. 528; Pub. L. 92–580, § 2(a), Oct. 27, 1972, 86 Stat. 1276; Pub. L. 93–406, title II, § 2007(b)(4), Sept. 2, 1974, 88 Stat. 994; Pub. L. 94–455, title XX, § 2009(c)(1)–(3), Oct. 4, 1976, 90 Stat. 1894, 1895; Pub. L. 95–600, title I, §§ 142(a), (b), 156(c)(4), title VII, § 702(j)(1), Nov. 6, 1978, 92 Stat. 2796, 2803, 2931; Pub. L. 96–222, title I, § 101(a)(8)(B), Apr. 1, 1980, 94 Stat. 201; Pub. L. 97–34, title III, §§ 311(d)(1), (h)(4), 313(b)(3), Aug. 13, 1981, 95 Stat. 280, 282, 286; Pub. L. 97–248, title II, § 245(a), (b), Sept. 3, 1982, 96 Stat. 524; Pub. L. 97–448, title I, § 103(c)(9), Jan. 12, 1983, 96 Stat. 2377; Pub. L. 98–369, div. A, title IV, § 491(d)(34), title V, § 525(a), July 18, 1984, 98 Stat. 851, 873; Pub. L. 99–514, title XVIII, §§ 1848(d), 1852(e)(1)(A), Oct. 22, 1986, 100 Stat. 2857, 2868.)

history & why it existsrecord from the source credit
  • 1954Enacted · Act of Aug. 16, 1954, ch. 736
  • 1958Amended · Pub. L. 85-866 · 72 Stat. 1622, 1658
  • 1962Amended · Pub. L. 87-792 · 76 Stat. 830
  • 1966Amended · Pub. L. 89-365 · 80 Stat. 33
  • 1969Amended · Pub. L. 91-172 · 83 Stat. 528
  • 1972Amended · Pub. L. 92-580 · 86 Stat. 1276
  • 1974Amended · Pub. L. 93-406 · 88 Stat. 994
  • 1976Amended · Pub. L. 94-455 · 90 Stat. 1894, 1895
  • 1978Amended · Pub. L. 95-600 · 92 Stat. 2796, 2803, 2931
  • 1980Amended · Pub. L. 96-222 · 94 Stat. 201
  • 1981Amended · Pub. L. 97-34 · 95 Stat. 280, 282, 286
  • 1982Amended · Pub. L. 97-248 · 96 Stat. 524
  • 1983Amended · Pub. L. 97-448 · 96 Stat. 2377
  • 1984Amended · Pub. L. 98-369 · 98 Stat. 851, 873
  • 1986Amended · Pub. L. 99-514 · 100 Stat. 2857, 2868

A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.

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