§2502. Rate of tax — Inbound Citations
26 U.S.C. § 2502
Cited by 4 provisions in release 119-102.
Citations to 26 U.S.C. § 2502 as a whole
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(1) A tax, computed as provided in section 2502, is hereby imposed for each calendar year on the transfer of property by gift during such calendar year by any individual resident or nonresident.
Citations to §2502(a)(2)
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(a) In the case of a citizen or resident of the United States, there shall be allowed as a credit against the tax imposed by section 2501 for each calendar year an amount equal to—(1) the applicable credit amount in effect under section 2010(c) which would apply if the donor died as of the end of the calendar year, reduced by(2) the sum of the amounts allowable as a credit to the individual under this section for all preceding calendar periods.For purposes of applying paragraph (2) for any calendar year, the rates of tax in effect under section 2502(a)(2) for such calendar year shall, in lieu of the rates of tax in effect for preceding calendar periods, be used in determining the amounts allowable as a credit under this section for all preceding calendar periods.
Citations to §2502(b)
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(A) the transfer of property by gift made during a preceding calendar period (as defined in section 2502(b)); or
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(1) the transfer of property by gift made during a preceding calendar period (as defined in section 2502(b)); or