
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC2515]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                    Subtitle B--Estate and Gift Taxes
 
                          CHAPTER 12--GIFT TAX
 
                         Subchapter B--Transfers
 
Sec. 2515. Treatment of generation-skipping transfer tax

    In the case of any taxable gift which is a direct skip (within the 
meaning of chapter 13), the amount of such gift shall be increased by 
the amount of any tax imposed on the transferor under chapter 13 with 
respect to such gift.

(Added Pub. L. 99-514, title XIV, Sec. 1432(d)(1), Oct. 22, 1986, 100 
Stat. 2730.)


                            Prior Provisions

    A prior section, acts Aug. 16, 1954, ch. 736, 68A Stat. 409; Dec. 
31, 1970, Pub. L. 91-614, title I, Sec. 102(b)(3), 84 Stat. 1841; Oct. 
4, 1976, Pub. L. 94-455, title XX, Sec. 2002(c)(2), 90 Stat. 1855; Nov. 
6, 1978, Pub. L. 95-600, title VII, Sec. 702(k)(1)(B), 92 Stat. 2932, 
related to tenancies by the entirety in real property, prior to repeal 
applicable to gifts made after Dec. 31, 1981, by Pub. L. 97-34, title 
IV, Sec. 403(c)(3)(B), (e)(2), Aug. 13, 1981, 95 Stat. 302, 305.


                             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.
