26 U.S.C. § 2623
§ 2623. Taxable amount in case of direct skip
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1986 by the Tax Reform Act of 1986. Last changed October 22, 1986 by the Tax Reform Act of 1986.
Every change, newest first (1)
- October 22, 1986Tax Reform Act of 1986 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
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.