
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: 26USC2641]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                    Subtitle B--Estate and Gift Taxes
 
            CHAPTER 13--TAX ON GENERATION-SKIPPING TRANSFERS
 
             Subchapter E--Applicable Rate; Inclusion Ratio
 
Sec. 2641. Applicable rate


(a) General rule

    For purposes of this chapter, the term ``applicable rate'' means, 
with respect to any generation-skipping transfer, the product of--
        (1) the maximum Federal estate tax rate, and
        (2) the inclusion ratio with respect to the transfer.

(b) Maximum Federal estate tax rate

    For purposes of subsection (a), the term ``maximum Federal estate 
tax rate'' means the maximum rate imposed by section 2001 on the estates 
of decedents dying at the time of the taxable distribution, taxable 
termination, or direct skip, as the case may be.

(Added Pub. L. 99-514, title XIV, Sec. 1431(a), Oct. 22, 1986, 100 Stat. 
2722.)


                             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.
