California Statutes
§ 20200. — 20200. (Enacted by Stats. 1990, Ch. 79.)
California·Code PROB Probate Code - PROB·Div. 10. DIVISION 10. PRORATION OF TAXES·Ch. 2. CHAPTER 2. Proration of Taxes on Generation-Skipping Transfer·Art. 1. ARTICLE 1. General Provisions
Except where the context otherwise requires, the following definitions shall govern the construction of this chapter:
(a)“Generation-skipping transfer tax” means a tax imposed by any federal or California generation-skipping transfer tax law, now existing or hereafter enacted, and includes interest and penalties on any deficiency.
(b)“Property” means property on which a generation-skipping transfer tax is imposed.
(c)“Transferee” means any person who receives, who is deemed to receive, or who is the beneficiary of, any property.
(d)“Trustee” means any person who is a trustee within the meaning of the federal generation-skipping transfer tax law, or who is otherwise required to pay a generation-skipping transfer tax.
(e)“Value” means fair market value as determined for generation-skipp
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California § 20200. (20200. (Enacted by Stats. 1990, Ch. 79.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Enacted by Stats. 1990, Ch. 79.