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26 U.S.C. § 2631 — GST exemption

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov ↗
  1. (a)General ruleFor purposes of determining the inclusion ratio, every individual shall be allowed a GST exemption amount which may be allocated by such individual (or his executor) to any property with respect to which such individual is the transferor.
  2. (b)Allocations irrevocableAny allocation under subsection (a), once made, shall be irrevocable.
  3. (c)GST exemption amountFor purposes of subsection (a), the GST exemption amount for any calendar year shall be equal to the basic exclusion amount under section 2010(c) for such calendar year.