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.
Pub. L. 99–514, title XIV, § 1431(a)100 Stat. 2721(Added , , .)
Statutory Notes and Related Subsidiaries
Effective Date
section 2611 of this titlesection 1433 of Pub. L. 99–514section 2601 of this titleSection applicable to generation-skipping transfers (within the meaning of ) made after , except as otherwise provided, see , set out as a note under .