Current through Pub. L. 119-100Open in workspace

§ 2623 Taxable amount in case of direct skip

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.

(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2721.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 2623

Source: decipher.legal/usc/26/2623 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)