§ 2641. Applicable rate

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(a)General rule For purposes of this chapter, the term “applicable rate” means, with respect to any generation-skipping transfer, the product of—

(1)the maximum Federal estate tax rate, and

(2)the inclusion ratio with respect to the transfer.

(b)Maximum Federal estate tax rate For purposes of subsection (a), the term “maximum Federal estate tax rate” means the maximum rate imposed by section 2001 on the estates of decedents dying at the time of the taxable distribution, taxable termination, or direct skip, as the case may be.

(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2722.)

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Public Law 111–312
To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, to amend title 49, United States Code, to extend authorizations for the airport improvement program, and for other purposes

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Pub. L. 99–514, title XIV, § 1431(a)
100 Stat. 2722
section 1433 of Pub. L. 99–514
Pub. L. 111–312, title III, § 302(c)
124 Stat. 3302

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§ 2641

Applicable rate

Stat.×1

U.S.C.§ 2611

U.S.C.§ 2601

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

Stat.100 Stat. 2722

Pub. L.section 1433 of Pub. L. 99–514

Pub. L.Pub. L. 111–312, title III, § 302(c)

Stat.124 Stat. 3302

Cites 7Cited by 1 across 1 source