nontaxable gift
Defined in 1 place of the United States Code.
For purposes of this subsection, the term “nontaxable gift” means any transfer of property to the extent such transfer is not treated as a taxable gift by reason of—
(A) section 2503(b) (taking into account the application of section 2513), or
(B) section 2503(e).
Source
- 1994–present26 U.S.C. § 2642Internal Revenue Code · Inclusion ratio · for purposes of this chapter