§2601. Tax imposed — Inbound Citations

Citations to 26 U.S.C. § 2601 as a whole

• 26 U.S.C. § 164(b)(4)(A)(i)

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  (i) the tax imposed by section 2601, and
• 26 U.S.C. § 303(d)(2)

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  (2) taxes of the kind referred to in subsection (a)(1) which are imposed because of the generation-skipping transfer shall be treated as imposed because of such individual’s death (and for this purpose the tax imposed by section 2601 shall be treated as an estate tax);
• 26 U.S.C. § 2602

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  The amount of the tax imposed by section 2601 is—
• 26 U.S.C. § 2603(a)(1)

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  (1) In the case of a taxable distribution, the tax imposed by section 2601 shall be paid by the transferee.
• 26 U.S.C. § 2603(c)

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  (c) For provisions making estate and gift tax provisions with respect to transferee liability, liens, and related matters applicable to the tax imposed by section 2601, see section 2661.
• 26 U.S.C. § 2654(a)(1)

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  (1) Except as provided in paragraph (2), if property is transferred in a generation-skipping transfer, the basis of such property shall be increased (but not above the fair market value of such property) by an amount equal to that portion of the tax imposed by section 2601 with respect to the transfer which is attributable to the excess of the fair market value of such property over its adjusted basis immediately before the transfer. The preceding shall be applied after any basis adjustment under section 1015 with respect to the transfer.
• 26 U.S.C. § 2654(d)

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  (d) A trustee shall not be personally liable for any increase in the tax imposed by section 2601 which is attributable to the fact that—

  (1) section 2642(c) (relating to exemption of certain nontaxable gifts) does not apply to a transfer to the trust which was made during the life of the transferor and for which a gift tax return was not filed, or

  (2) the inclusion ratio with respect to the trust is greater than the amount of such ratio as computed on the basis of the return on which was made (or was deemed made) an allocation of the GST exemption to property transferred to such trust.

  The preceding sentence shall not apply if the trustee has knowledge of facts sufficient reasonably to conclude that a gift tax return was required to be filed or that the inclusion ratio was erroneous.
• 26 U.S.C. § 2661(1)

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  (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
• 26 U.S.C. § 2661(2)

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  (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).
• 26 U.S.C. § 6166(i)

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  (i) To the extent that an interest in a closely held business is the subject of a direct skip (within the meaning of section 2612(c)) occurring at the same time as and as a result of the decedent’s death, then for purposes of this section any tax imposed by section 2601 on the transfer of such interest shall be treated as if it were additional tax imposed by section 2001.