Title 26 — Internal Revenue CodeRelease 119-73not60

§2623 Taxable Amount in Case of Direct Skip

Title 26 › Subtitle Subtitle B— Estate and Gift Taxes › Chapter 13— TAX ON GENERATION-SKIPPING TRANSFERS › Subchapter C— Taxable Amount › § 2623

Last updated Apr 5, 2026|Official source

Full Legal Text

Title 26, §2623

Internal Revenue Code — Source: USLM XML via OLRC

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.

Legislative History

Notes & Related Subsidiaries

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.

Reference

Citations & Metadata

Citation

26 U.S.C. § 2623

Title 26 — Internal Revenue Code

Last Updated

Apr 5, 2026

Release point: 119-73not60