26 U.S.C. § 2511 — Transfers in general
submitted 72 years ago by ch. 736 to r/title-26-INTERNAL-REVENUE-CODE · 158 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Subject to the limitations contained in this chapter, the tax imposed by section 2501 shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible; but in the case of a nonresident not a citizen of the United States, shall apply to a transfer only if the property is situated within the United States.
For purposes of this chapter, in the case of a nonresident not a citizen of the United States who is excepted from the application of section 2501(a)(2)—
shares* of stock* issued by a domestic corporation*, and
debt obligations of—
a United States person*, or
the United States, a State or any political subdivision thereof, or the District of Columbia,
which are owned and held by such nonresident shall be deemed to be property situated within the United States.
Source credit: (Aug. 16, 1954, ch. 736, 68A Stat. 406; Pub. L. 89–809, title I, § 109(b), Nov. 13, 1966, 80 Stat. 1575; Pub. L. 107–16, title V, § 511(e), June 7, 2001, 115 Stat. 71; Pub. L. 107–147, title IV, § 411(g)(1), Mar. 9, 2002, 116 Stat. 46; Pub. L. 111–312, title III, § 302(e), Dec. 17, 2010, 124 Stat. 3302.)
- 1954Enacted · Act of Aug. 16, 1954, ch. 736
- 1966Amended · Pub. L. 89-809 · 80 Stat. 1575
- 2001Amended · Pub. L. 107-16 · 115 Stat. 71
- 2002Amended · Pub. L. 107-147 · 116 Stat. 46
- 2010Amended · Pub. L. 111-312 · 124 Stat. 3302
A history note hasn’t been published yet. The record shows enactment by ch. 736 on 1954-08-16.
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