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a citizen's law index

Code · U.S. Code · Title 26 - INTERNAL REVENUE CODE · CHAPTER 13— TAX ON GENERATION-SKIPPING TRANSFERS · Subchapter D— GST Exemption · § 2631

Aa

§ 2631. GST exemption

536 words·~2 min read·/usc/title-26/section-2631

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)General rule For purposes of determining the inclusion ratio, every individual shall be allowed a GST exemption amount which may be allocated by such individual (or his executor) to any property with respect to which such individual is the transferor.

(b)Allocations irrevocable Any allocation under subsection (a), once made, shall be irrevocable.

(c)GST exemption amount For purposes of subsection (a), the GST exemption amount for any calendar year shall be equal to the basic exclusion amount under section 2010(c) for such calendar year.

(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2721; amended Pub. L. 105–34, title V, § 501(d), Aug. 5, 1997, 111 Stat. 846; Pub. L. 105–206, title VI, § 6007(a)(1), July 22, 1998, 112 Stat. 806; Pub. L. 107–16, title V, § 521(c), June 7, 2001, 115 Stat. 72; Pub. L. 111–312, title III, § 303(b)(2), Dec. 17, 2010, 124 Stat. 3303.)

Connections3 cite this · traces to 4

Cited by 3 sections

U.S. Code

statutes-at-large

Public Law 107–16
To provide for reconciliation pursuant to section 104 of the concurrent resolution on the budget for fiscal year 2002

Traces to 4 documents

U.S. Code

20 references not yet in our index

Pub. L. 99–514, title XIV, § 1431(a)
100 Stat. 2721
Pub. L. 105–34, title V, § 501(d)
111 Stat. 846
Pub. L. 105–206, title VI, § 6007(a)(1)
112 Stat. 806
Pub. L. 107–16, title V, § 521(c)
115 Stat. 72
Pub. L. 111–312, title III, § 303(b)(2)
124 Stat. 3303
Pub. L. 111–312
Pub. L. 107–16, § 521(c)(1)
Pub. L. 107–16, § 521(c)(2)
Pub. L. 105–206
Pub. L. 105–34
section 303(c)(2) of Pub. L. 111–312
Pub. L. 107–16
section 521(e)(3) of Pub. L. 107–16
section 6024 of Pub. L. 105–206
section 1433 of Pub. L. 99–514

Citation graph

cites case law

§ 2631

GST exemption

U.S.C.×2

Stat.×1

Pub. L.Pub. L. 99–514, title XIV, § 1431(a)

Stat.100 Stat. 2721

Pub. L.Pub. L. 105–34, title V, § 501(d)

Stat.111 Stat. 846

Pub. L.Pub. L. 105–206, title VI, § 6007(a)(1)

Cites 24 · showing 9Cited by 3 across 2 sources