---
type: "LegalText"
title: "26 U.S.C. § 2623"
description: "Taxable amount in case of direct skip"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
chapter_number: "13"
chapter_name: "TAX ON GENERATION-SKIPPING TRANSFERS"
section: "2623"
citation: "26 U.S.C. § 2623"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip"
source_identifier: "/us/usc/t26/s2623"
source_file: "data/legal/raw/us/code/title-26/usc26.xml"
source_hash: "95a6c038655913e4a09a8fda7d15d96331b19caf39b33be6b8fb9af68126964e"
raw_snapshot_hash: "a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4"
text_hash: "d47cb93da22e7053e0fb0fcbc4a6c7487da3591a3992b0e152b65ac8b4ecad86"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 26 U.S.C. § 2623 - Taxable amount in case of direct skip

## Text

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.)

## Notes

Statutory Notes and Related Subsidiaries

Effective DateSection 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.