FEDERAL · 26 U.S.C. · Chapter Subchapter C—Taxable Amount
Taxable amount in case of direct skip
26 U.S.C. § 2623
Title26 — Internal Revenue Code
ChapterSubchapter C—Taxable Amount
This text of 26 U.S.C. § 2623 (Taxable amount in case of direct skip) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 U.S.C. § 2623.
Text
For purposes of this chapter, the taxable amount in the case of a direct skip shall be the value of the property received by the transferee.
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Related
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234 P.3d 793 (Supreme Court of Kansas, 2010)
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19 Mass. L. Rptr. 219 (Massachusetts Superior Court, 2005)
Source Credit
History
(Added Pub. L. 99–514, title XIV, §1431(a), Oct. 22, 1986, 100 Stat. 2721.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after Oct. 22, 1986, except as otherwise provided, see section 1433 of Pub. L. 99–514, set out as a note under section 2601 of this title.
Effective Date
Section applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after Oct. 22, 1986, except as otherwise provided, see section 1433 of Pub. L. 99–514, set out as a note under section 2601 of this title.
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Bluebook (online)
26 U.S.C. § 2623, Counsel Stack Legal Research, https://law.counselstack.com/usc/26/2623.