26 U.S.C. § 2641
Section 2641 · Applicable rate
Amended 1 time on record
Applied in 3 court decisions — leading case In Re Trust D Created Under the Last Will & Testament of Darby (2010)
Most recently applied in In Re Trust D Created Under the Last Will & Testament of Darby (June 2010)
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.
For purposes of subsection (a), the term “maximum Federal estate tax rate” means the maximum rate imposed by section 2001 on the estates of decedents dying at the time of the taxable distribution, taxable termination, or direct skip, as the case may be.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Effective Date
Section applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after Oct. 22, 1986, except as otherwise provided, see section 1433 of Pub. L. 99–514, set out as a note under section 2601 of this title.