Public-domain · open source

nonexempt portion

Defined in 1 place of the United States Code.

For purposes of subparagraph (A), the term “nonexempt portion” means the value (at the time of allocation) of the property or trust, multiplied by the inclusion ratio with respect to such property or trust.

Source

1994–present 26 U.S.C. § 2632Internal Revenue Code · Special rules for allocation of GST exemption · in this section