For purposes of this chapter, the term "generation-skipping transfer" means-
The term "generation-skipping transfer" does not include-
26 U.S.C. § 2611
AMENDMENTS1988-Subsec. (a). Pub. L. 100-647, §§1014(g)(1), 1018, substituted "generation-skipping transfer" for "generation-skipping transfers" and "means" for "mean".Subsec. (b). Pub. L. 100-647, §1014(g)(2), redesignated pars. (2) and (3) as (1) and (2), respectively, and struck out former par. (1) which read as follows: "any transfer (other than a direct skip) from a trust, to the extent such transfer is subject to a tax imposed by chapter 11 or 12 with respect to a person in the 1st generation below that of the grantor, and".1986- Pub. L. 99-514 amended section generally, substituting provisions defining "generation-skipping transfers" and what that term does not include, for former provisions which defined "generation-skipping transfer", "transfer", and "generation-skipping trust", contained provisions to be used in determining the ascertainment of generation, and provided for a generation-skipping trust equivalent.
EFFECTIVE DATE OF 1988 AMENDMENTAmendment by Pub. L. 100-647 effective, except as otherwise provided, as if included in the provision of the Tax Reform Act of 1986, Pub. L. 99-514, to which such amendment relates, see section 1019(a) of Pub. L. 100-647 set out as a note under sectionof this title.
EFFECTIVE DATE OF 1986 AMENDMENTSection 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 sectionof this title.
- The term "person" shall be construed to mean and include an individual, a trust, estate, partnership, association, company or corporation.