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26 U.S.C. § 2623

Taxable amount in case of direct skip

United States · Title 26 — INTERNAL REVENUE CODE · Status: effective

Taxation
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26 U.S.C. § 2623, Taxable amount in case of direct skip, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/463248
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Full text

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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 99-514(H.R. 3838)1986-10-22
    Tax Reform Act of 1986
    House: no recorded tallySenate: no recorded tally