26 U.S.C. § 2515 — Treatment of generation-skipping transfer tax
submitted 40 years ago by Pub. L. 99-514 to r/title-26-INTERNAL-REVENUE-CODE · 44 words · no verdicts yet
A direct-skip taxable gift is increased by the chapter 13 tax imposed on the transferor for that gift.
For a taxable gift that is a direct skip (as chapter 13 defines that term), add to the gift's amount any chapter 13 tax imposed on the person who transferred the gift because of that gift.
In the case of any taxable gift which is a direct skip (within the meaning of chapter 13), the amount of such gift shall be increased by the amount of any tax imposed on the transferor under chapter 13 with respect to such gift.
Source credit: (Added Pub. L. 99–514, title XIV, § 1432(d)(1), Oct. 22, 1986, 100 Stat. 2730.)
- 1986Enacted · Pub. L. 99-514 · 100 Stat. 2730
A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-514 on 1986-10-22.
all 0 arguments · sorted by: best
no arguments yet — make the first case