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26 U.S.C. 2623: Taxable amount in case of direct skipText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 26-INTERNAL REVENUE CODECHAPTER 13-TAX ON GENERATION-SKIPPING TRANSFERS
Jump To: Source CreditStatutory Notes and Related SubsidiariesEffective Date

§2623. Taxable amount in case of direct skip

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.

(Added Pub. L. 99–514, title XIV, § 1431(a) , Oct. 22, 1986 , 100 Stat. 2721 .)

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.