Title 26 — Internal Revenue Code
Chapter 12 — Gift Tax
§ 2515. Treatment of generation-skipping transfer tax
Statutory text
In the case of any taxable gift which is a direct skip (within the meaning of chapter 13), the amount of such gift shall be increased by the amount of any tax imposed on the transferor under chapter 13 with respect to such gift.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Tax Reform Act of 1986
Pub. L. 99–514 title XIV § 1432(d)(1) · 100 Stat. 2085
Enacted · 26 U.S.C. § 2515
(Added Pub. L. 99–514, title XIV, § 1432(d)(1), Oct. 22, 1986, 100 Stat. 2730.)
Source evidence
Code source credit
(Added Pub. L. 99–514, title XIV, § 1432(d)(1), Oct. 22, 1986, 100 Stat. 2730.)Enacted provision · exact public law section
(1) In general.— Subchapter B of chapter 12 is amended by inserting after section 2514 the following new section: “SEC. 2515. TREATMENT OF GENERATION-SKIPPING TRANSFER TAX. “In the case of any taxable gift which is a direct skip (within the meaning of chapter 13), the amount of such gift shall be increased by the amount of any tax imposed on the transferor under chapter 13 with respect to such gift.”
1 of 1 references resolved to an enrolled provision
Editorial Notes
Prior Provisions
A prior section, acts Aug. 16, 1954, ch. 736, 68A Stat. 409; , Pub. L. 91–614, title I, § 102(b)(3), 84 Stat. 1841; , Pub. L. 94–455, title XX, § 2002(c)(2), 90 Stat. 1855; , Pub. L. 95–600, title VII, § 702(k)(1)(B), 92 Stat. 2932, related to tenancies by the entirety in real property, prior to repeal applicable to gifts made after , by Pub. L. 97–34, title IV, § 403(c)(3)(B), (e)(2), , 95 Stat. 302, 305.
Statutory Notes and Related Subsidiaries
Effective Date
Section applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after , except as otherwise provided, see section 1433 of Pub. L. 99–514, set out as a note under section 2601 of this title.
Credits
(Added Pub. L. 99–514, title XIV, § 1432(d)(1), , 100 Stat. 2730.)