---
kind: "section"
citation: "26 U.S.C. § 2623"
title: "26"
title_heading: "Internal Revenue Code"
number: "2623"
heading: "Taxable amount in case of direct skip"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/2623"
units:
  - "Subtitle B — Estate and Gift Taxes"
  - "Chapter 13 — Tax on Generation-Skipping Transfers"
  - "Subchapter C — Taxable Amount"
---

# §2623. Taxable amount in case of direct skip


For purposes of this chapter, the taxable amount in the case of a direct skip shall be the value of the property received by the trans­feree.


## Source credit

(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2721.)

## Notes

### Statutory Notes and Related Subsidiaries

### 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.