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► 26 U.S.C. § 2622 26 u.s.c. · tax on generation-skipping transfers · title 26
26 U.S.C. § 2622
Taxable amount in case of taxable termination
Title 26 USC
● ACTIVE
Ch. 13
Jurisdiction Federal — United States
Chapter TAX ON GENERATION-SKIPPING TRANSFERS
Primary Source uscode.house.gov ↗
Federation ID OM-USC26-SEC-64D1BC
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 26 - INTERNAL REVENUE CODE 26 U.S.C. United States Code, 2023 Edition Title 26 - INTERNAL REVENUE CODE Subtitle B - Estate and Gift Taxes CHAPTER 13 - TAX ON GENERATION-SKIPPING TRANSFERS Subchapter C - Taxable Amount Sec. 2622 - Taxable amount in case of taxable termination From the U.S. Government Publishing Office, www.gpo.gov

§2622. Taxable amount in case of taxable termination

(a) In general For purposes of this chapter, the taxable amount in the case of a taxable termination shall be— (1) the value of all property with respect to which the taxable termination has occurred, reduced by (2) any deduction allowed under subsection (b). (b) Deduction for certain expenses For purposes of subsection (a), there shall be allowed a deduction similar to the deduction allowed by section 2053 (relating to expenses, indebtedness, and taxes) for amounts attributable to the property with respect to which the taxable termination has occurred.

(Added Pub. L. 94–455, title XX, §2006(a), Oct. 4, 1976, 90 Stat. 1888; amended Pub. L. 99–514, title XIV, §1431(a), Oct. 22, 1986, 100 Stat. 2720.)

Editorial Notes

Amendments 1986—Pub. L. 99–514 amended section generally, substituting provisions relating to taxable amount in case of a taxable termination for former provisions which authorized the Secretary to promulgate regulations. See section 2663 of this title.

Statutory Notes and Related Subsidiaries

Effective Date of 1986 Amendment 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.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 26 U.S.C. § 2622 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 26 U.S.C. § 2621 26 U.S.C. § 2623 →
Chapter 13 — TAX ON GENERATION-SKIPPING TRANSFERS
26 U.S.C. § 260126 U.S.C. § 260226 U.S.C. § 260326 U.S.C. § 260426 U.S.C. § 261126 U.S.C. § 261226 U.S.C. § 261326 U.S.C. § 261426 U.S.C. § 262126 U.S.C. § 262226 U.S.C. § 262326 U.S.C. § 262426 U.S.C. § 263126 U.S.C. § 263226 U.S.C. § 264126 U.S.C. § 264226 U.S.C. § 265126 U.S.C. § 265226 U.S.C. § 265326 U.S.C. § 265426 U.S.C. § 266126 U.S.C. § 266226 U.S.C. § 266326 U.S.C. § 2664
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26 U.S.C.
Citation
26 U.S.C. § 2622
Status
● ACTIVE
Chapter
13 — TAX ON GENERATION-SKIPPING TRANSFERS
Title
Internal Revenue Code
Jurisdiction
Federal
Federation ID
OM-USC26-SEC-64D1BC
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Internal Revenue Code — 26 U.S.C. § 2622