# 26 U.S.C. § 2631: GST exemption

Source: OLRC release point 119-134 <https://uscode.house.gov/us/usc/119-134/t26/s2631>. Cite pinpoints as 26 U.S.C. § 2631(a)(1).

## § 2631(a) General rule

For purposes of determining the inclusion ratio, every individual shall be allowed a GST exemption amount which may be allocated by such individual (or his executor) to any property with respect to which such individual is the transferor.

## § 2631(b) Allocations irrevocable

Any allocation under subsection (a), once made, shall be irrevocable.

## § 2631(c) GST exemption amount

For purposes of subsection (a), the GST exemption amount for any calendar year shall be equal to the basic exclusion amount under section 2010(c) for such calendar year.

## Connections

Cites: § 2010 Unified credit against estate tax

Cited by: § 2632 Special rules for allocation of GST exemption

## Amendments

- 1986-10-22: [Pub. L. 99-514](/26/act/99-514.md), 100 Stat. 2721
- 1997-08-05: [Pub. L. 105-34](/26/act/105-34.md), 111 Stat. 846
- 1998-07-22: [Pub. L. 105-206](/26/act/105-206.md), 112 Stat. 806
- 2001-06-07: [Pub. L. 107-16](/26/act/107-16.md), 115 Stat. 72
- 2010-12-17: [Pub. L. 111-312](/26/act/111-312.md), 124 Stat. 3303