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

§ 2641 Applicable rate

(a) General rule

For purposes of this chapter, the term “applicable rate” means, with respect to any generation-skipping transfer, the product of—

(1) the maximum Federal estate tax rate, and

(2) the inclusion ratio with respect to the transfer.

(b) Maximum Federal estate tax rate

For purposes of subsection (a), the term “maximum Federal estate tax rate” means the maximum rate imposed by section on the estates of decedents dying at the time of the taxable distribution, taxable termination, or direct skip, as the case may be.

(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2722.)

Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 2641

Source: decipher.legal/usc/26/2641 · Internal Revenue Code, current through Pub. L. 119-100 (OLRC XML of 2026-04-17)