§ 44-40-2. Definitions.
Except where the context otherwise requires, the words and phrases defined in this
section are used in this chapter in the sense given them in the following definitions:
(1) "Administrator� means the director of the division of taxation.
(2) "Deemed transferorâ€� has the same meaning as defined in 26 U.S.C. § 2601 et seq.
(3) "Federal generation-skipping transfer taxâ€� means the tax imposed by 26 U.S.C. § 2601 et seq.
(4) "Generation-skipping transfer� means every transfer subject to the
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§ 44-40-2. Definitions.
Except where the context otherwise requires, the words and phrases defined in this
section are used in this chapter in the sense given them in the following definitions:
(1) "Administrator� means the director of the division of taxation.
(2) "Deemed transferorâ€� has the same meaning as defined in 26 U.S.C. § 2601 et seq.
(3) "Federal generation-skipping transfer taxâ€� means the tax imposed by 26 U.S.C. § 2601 et seq.
(4) "Generation-skipping transfer� means every transfer subject to the tax imposed under
26 U.S.C. § 2601 et seq. where the original transferor is a resident of the state of Rhode Island
at the date of the original transfer, and the deemed transferor is a resident of Rhode
Island at the time of his or her death, and the property transferred is real or personal
property in Rhode Island.
(5) "Original transferor� means any grantor, donor, trustor, or testator who by gift,
trust, or will makes a transfer of real or personal property that results in a federal
generation- skipping transfer tax under applicable provisions of the Internal Revenue
Code of the United States, 26 U.S.C. § 1 et seq.