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Internal Revenue Code (Title 26 U.S.C.)

26 U.S.C. § 2641

Applicable rate

Official textgovinfo.govlast amended

# (a) General rule

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.

# (b) Maximum Federal estate tax rate

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.

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Nearby sections (25 sections)
  1. 2603 · Liability for tax
  2. 2604 · [§2604. Repealed. Pub. L. 113–295, div. A, title II,…
  3. 2611 · Generation-skipping transfer defined
  4. 2612 · Taxable termination; taxable distribution; direct skip
  5. 2613 · Skip person and non-skip person defined
  6. 2614 · [§2614. Omitted]
  7. 2621 · Taxable amount in case of taxable distribution
  8. 2622 · Taxable amount in case of taxable termination
  9. 2623 · Taxable amount in case of direct skip
  10. 2624 · Valuation
  11. 2631 · GST exemption
  12. 2632 · Special rules for allocation of GST exemption
  13. 2641 · Applicable rate
  14. 2642 · Inclusion ratio
  15. 2651 · Generation assignment
  16. 2652 · Other definitions
  17. 2653 · Taxation of multiple skips
  18. 2654 · Special rules
  19. 2661 · Administration
  20. 2662 · Return requirements
  21. 2663 · Regulations
  22. 2664 · [§2664. Repealed. Pub. L. 111–312, title III, §301(a), Dec. 17,…
  23. 2701 · Special valuation rules in case of transfers of certain…
  24. 2702 · Special valuation rules in case of transfers of interests in…
  25. 2703 · Certain rights and restrictions disregarded
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