§ 2621 Taxable amount in case of taxable distribution

OLRC 119-134 · eCFR 2026-10-19 · 2 amending Acts · cited by 1 sections

Enacted 1976 · Pub. L. 94-455 Amended · 2 Acts

197619811986(a) In general(b) Payment of GST tax treated as taxable distribution
Connections Cited by 1 · Cites 0
§ 2621 Taxable amount in case of taxable distribution
    Amended 1986
    • 1986 Pub. L. 99-514 Pub. L. 99–514 amended section generally, substituting provisions relating to taxable amount in case of a taxable distribution for former provisions which related generally to administration of this chapter. See section 2661 of this title.

    (a) In general For purposes of this chapter, the taxable amount in the case of any taxable distribution shall be—

    (1) the value of the property received by the transferee, reduced by

    (2) any expense incurred by the transferee in connection with the determination, collection, or refund of the tax imposed by this chapter with respect to such distribution.

    Cited by 1

      (b) Payment of GST tax treated as taxable distribution For purposes of this chapter, if any of the tax imposed by this chapter with respect to any taxable distribution is paid out of the trust, an amount equal to the portion so paid shall be treated as a taxable distribution.

      Amended 1981
      • 1981 Pub. L. 97-34 Pub. L. 97–34 substituted “Section 6166” for “Sections 6166 and 6166A” in heading and “section 6166 (relating to extension of time” for “sections 6166 and 6166A (relating to extensions of time” in text.