1. U.S. Code
  2. title 26
  3. subtitle B
  4. chapter 13
  5. subchapter C
  6. § 2623

View all text of Subchapter C [§ 2621 - § 2624]

§ 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.)

CITE AS: 26 USC 2623