
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document affected by Public Law 107-16 Section 532(c)(4)]
[CITE: 26USC2016]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                    Subtitle B--Estate and Gift Taxes
 
                         CHAPTER 11--ESTATE TAX
 
             Subchapter A--Estates of Citizens or Residents
 
                      PART II--CREDITS AGAINST TAX
 
Sec. 2016. Recovery of taxes claimed as credit

    If any tax claimed as a credit under section 2011 or 2014 is 
recovered from any foreign country, any State, any possession of the 
United States, or the District of Columbia, the executor, or any other 
person or persons recovering such amount, shall give notice of such 
recovery to the Secretary at such time and in such manner as may be 
required by regulations prescribed by him, and the Secretary shall 
(despite the provisions of section 6501) redetermine the amount of the 
tax under this chapter and the amount, if any, of the tax due on such 
redetermination, shall be paid by the executor or such person or 
persons, as the case may be, on notice and demand. No interest shall be 
assessed or collected on any amount of tax due on any redetermination by 
the Secretary resulting from a refund to the executor of tax claimed as 
a credit under section 2014, for any period before the receipt of such 
refund, except to the extent interest was paid by the foreign country on 
such refund.

(Aug. 16, 1954, ch. 736, 68A Stat. 380; Pub. L. 94-455, title XIX, 
Secs. 1902(a)(12)(C), 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1806, 
1834.)


                               Amendments

    1976--Pub. L. 94-455 struck out ``Territory or'' after ``any State, 
any'' and ``or his delegate'' after ``Secretary''.

                  Section Referred to in Other Sections

    This section is referred to in sections 6040, 6213, 6501 of this 
title.
