Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
42 lines
1.5 KiB
Markdown
42 lines
1.5 KiB
Markdown
---
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type: "LegalText"
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title: "26 U.S.C. § 2623"
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description: "Taxable amount in case of direct skip"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 26
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title_name: "INTERNAL REVENUE CODE"
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chapter_number: "13"
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chapter_name: "TAX ON GENERATION-SKIPPING TRANSFERS"
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section: "2623"
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citation: "26 U.S.C. § 2623"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc26@119-100.zip"
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source_identifier: "/us/usc/t26/s2623"
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source_file: "data/legal/raw/us/code/title-26/usc26.xml"
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source_hash: "95a6c038655913e4a09a8fda7d15d96331b19caf39b33be6b8fb9af68126964e"
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raw_snapshot_hash: "a261f094809116f42a96648a3d5eee80fa010379d67412551c21dd5c900b27f4"
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text_hash: "d47cb93da22e7053e0fb0fcbc4a6c7487da3591a3992b0e152b65ac8b4ecad86"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 26 U.S.C. § 2623 - Taxable amount in case of direct skip
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## Text
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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.
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(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2721.)
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## Notes
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Statutory Notes and Related Subsidiaries
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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.
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