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Ala. Code § 40-15A-1 Meaning of “Generation-Skipping Transfer.”
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Pursuant to this chapter, the term “generation-skipping transfer” shall have the meaning ascribed to it in Section 2611 of the Internal Revenue Code, as amended from time to time. (Acts 1988, 1st Ex. Sess., No. 88-837, p. 307, §1.)
Ala. Code § 40-15A-13 Administration of Chapter
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The administration of this chapter shall be conducted in accordance with Title 40, Chapter 15. The Department of Revenue shall prescribe the forms and reasonable rules of procedure in conformity with this chapter for making returns and for ascertainment, assessment and collection…
Ala. Code § 40-15A-14 Property Outside of State
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The Department of Revenue is hereby granted authority to issue regulations setting forth how an allocation of the tax imposed by this chapter shall be made in the event property subject to tax hereunder shall also be subject to a generation-skipping transfer tax in another state.…
Ala. Code § 40-15A-2 Amount of Tax
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Subject to the exception hereinafter stated, there is hereby levied and imposed upon all generation-skipping transfers occurring after December 31, 1987 that involve property subject to tax pursuant to Section 40-15A-3 hereunder, a tax equal to the full amount of state tax permis…