26 U.S.C. § 2613 — Skip person and non-skip person defined

submitted 50 years ago by Pub. L. 94-455 to r/title-26-INTERNAL-REVENUE-CODE · 109 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section defines “skip person” as certain individuals or trusts two or more generations below the transferor. “Non-skip person” means anyone who is not a skip person.

(a) Skip person. For this chapter, “skip person” means (1) an individual assigned to a generation at least two generations below the transferor’s generation, or (2) a trust if (A) every interest in it is held by skip persons, or (B) no person holds an interest in it and, after the transfer, the trust can never distribute property to a non-skip person, including through a termination distribution. (b) Non-skip person. “Non-skip person” means any person who is not a skip person.

the actual law source: uscode.house.gov ↗public domain

(a) Skip person

For purposes of this chapter, the term “skip person” means—

(1)

a natural person assigned to a generation which is 2 or more generations below the generation assignment of the transferor, or

(2)

a trust—

(A)

if all interests in such trust are held by skip persons, or

(B)

if—

(i)

there is no person holding an interest in such trust, and

(ii)

at no time after such transfer may a distribution (including distributions on termination) be made from such trust to a nonskip person.

(b) Non-skip person

For purposes of this chapter, the term “non-skip person” means any person who is not a skip person.

Source credit: (Added Pub. L. 94–455, title XX, § 2006(a), Oct. 4, 1976, 90 Stat. 1884; amended Pub. L. 95–600, title VII, § 702(n)(2), (3), Nov. 6, 1978, 92 Stat. 2935, 2936; Pub. L. 96–222, title I, § 107(a)(2)(B), Apr. 1, 1980, 94 Stat. 222; Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2720; Pub. L. 100–647, title I, § 1014(g)(5)(A), Nov. 10, 1988, 102 Stat. 3564.)

history & why it existsrecord from the source credit

1976Enacted · Pub. L. 94-455 · 90 Stat. 1884
1978Amended · Pub. L. 95-600 · 92 Stat. 2935, 2936
1980Amended · Pub. L. 96-222 · 94 Stat. 222
1986Amended · Pub. L. 99-514 · 100 Stat. 2720
1988Amended · Pub. L. 100-647 · 102 Stat. 3564

A history note hasn’t been published yet. The record shows enactment by Pub. L. 94-455 on 1976-10-04.

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