
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 501(c)(2)]
[CITE: 26USC2661]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                    Subtitle B--Estate and Gift Taxes
 
            CHAPTER 13--TAX ON GENERATION-SKIPPING TRANSFERS
 
                      Subchapter G--Administration
 
Sec. 2661. Administration

    Insofar as applicable and not inconsistent with the provisions of 
this chapter--
        (1) except as provided in paragraph (2), all provisions of 
    subtitle F (including penalties) applicable to the gift tax, to 
    chapter 12, or to section 2501, are hereby made applicable in 
    respect of the generation-skipping transfer tax, this chapter, or 
    section 2601, as the case may be, and
        (2) in the case of a generation-skipping transfer occurring at 
    the same time as and as a result of the death of an individual, all 
    provisions of subtitle F (including penalties) applicable to the 
    estate tax, to chapter 11, or to section 2001 are hereby made 
    applicable in respect of the generation-skipping transfer tax, this 
    chapter, or section 2601 (as the case may be).

(Added Pub. L. 99-514, title XIV, Sec. 1431(a), Oct. 22, 1986, 100 Stat. 
2728.)


                             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.

                  Section Referred to in Other Sections

    This section is referred to in section 2603 of this title.
