United States Code
26 U.S.C. § 2641
Applicable rate
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Sign in to follow →Bills that would change it 6
- HR 601 Estate Tax Rate Reduction Act Amends · introduced · 119th Congress
- HR 7993 Estate Tax Rate Reduction Act Amends · introduced · 118th Congress
- S 1627 Estate Tax Rate Reduction Act Amends · introduced · 117th Congress
- HR 3178 Estate Tax Rate Reduction Act Amends · introduced · 117th Congress
- HR 5652 Estate Tax Rate Reduction Act Amends · introduced · 116th Congress
- S 176 Estate Tax Rate Reduction Act Amends · introduced · 116th Congress
The law today
From the official United States Code, current through Public Law 119-121.
(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.
Official text at uscode.house.gov ↗