26 USC § 2623
Taxable amount in case of direct skip
through Public Law 119-27, except Public Law 119-21
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.
Statutory Notes and Related Subsidiaries
Effective Date
Section 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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