§ 2611. Generation-skipping transfer defined
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(a)In general For purposes of this chapter, the term “generation-skipping transfer” means—
(1)a taxable distribution,
(2)a taxable termination, and
(3)a direct skip.
(b)Certain transfers excluded The term “generation-skipping transfer” does not include—
(1)any transfer which, if made inter vivos by an individual, would not be treated as a taxable gift by reason of section 2503(e) (relating to exclusion of certain transfers for educational or medical expenses), and
(2)any transfer to the extent—
(A)the property transferred was subject to a prior tax imposed under this chapter,
(B)the transferee in the prior transfer was assigned to the same generation as (or a lower generation than) the generation assignment of the transferee in this transfer, and
(C)such transfers do not have the effect of avoiding tax under this chapter with respect to any transfer.
(Added Pub. L. 94–455, title XX, § 2006(a), Oct. 4, 1976, 90 Stat. 1882; amended Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2718; Pub. L. 100–647, title I, §§ 1014(g)(1), (2), 1018(u)(43), Nov. 10, 1988, 102 Stat. 3562, 3592.)
Connections28 cite this · traces to 3
Cited by 28 sections
U.S. Code
- § 164Taxes
- § 2611Generation-skipping transfer defined
- § 6166Extension of time for payment of estate tax where estate consists largely of interest in closely held business
- § 2032Alternate valuation
- § 691Recipients of income in respect of decedents
- § 2642Inclusion ratio
- § 2602Amount of tax
- § 2613Skip person and non-skip person defined
- § 303Distributions in redemption of stock to pay death taxes
- § 2515Treatment of generation-skipping transfer tax
- § 2013Credit for tax on prior transfers
- § 2612Taxable termination; taxable distribution; direct skip
- § 2663Regulations
- § 2631GST exemption
- § 2621Taxable amount in case of taxable distribution
- § 2651Generation assignment
- § 2632Special rules for allocation of GST exemption
- § 2652Other definitions
- § 2622Taxable amount in case of taxable termination
- § 2662Return requirements
- § 2641Applicable rate
- § 2603Liability for tax
- § 2661Administration
- § 2624Valuation
- § 2654Special rules
- § 2653Taxation of multiple skips
- § 2623Taxable amount in case of direct skip
statutes-at-large
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11 references not yet in our index
- Pub. L. 94–455, title XX, § 2006(a)
- 90 Stat. 1882
- Pub. L. 99–514, title XIV, § 1431(a)
- 100 Stat. 2718
- Pub. L. 100–647, title I
- 102 Stat. 3562
- Pub. L. 100–647
- Pub. L. 100–647, § 1014(g)(2)
- Pub. L. 99–514
- section 1019(a) of Pub. L. 100–647
- section 1433 of Pub. L. 99–514
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§ 2611
Generation-skipping transfer defined
U.S.C.×27
Stat.×1
Pub. L.Pub. L. 94–455, title XX, § 2006(a)
Stat.90 Stat. 1882
Pub. L.Pub. L. 99–514, title XIV, § 1431(a)
Stat.100 Stat. 2718
Pub. L.Pub. L. 100–647, title I
Cites 14 · showing 8Cited by 28 across 2 sources