{"identifier":"/us/usc/t26/s2641","title":26,"num":"\u00a7\u202f2641.","heading":"Applicable rate","text":"\u00a7\u202f2641.\nApplicable rate\n(a)\nGeneral rule\nFor purposes of this chapter, the term \u201capplicable rate\u201d means, with respect to any generation-skipping transfer, the product of\u2014\n(1) the maximum Federal estate tax rate, and\n(2) the inclusion ratio with respect to the transfer.\n(b)\nMaximum Federal estate tax rate\nFor purposes of subsection (a), the term \u201cmaximum Federal estate tax rate\u201d means the maximum rate imposed by section 2001 on the estates of decedents dying at the time of the taxable distribution, taxable termination, or direct skip, as the case may be.","url":"https://projectusc.org/usc/t26/s2641.html","content":[{"t":"sec","id":"/us/usc/t26/s2641","children":[{"t":"num","text":"\u00a7\u202f2641."},{"t":"heading","text":"Applicable rate"},{"t":"subsec","id":"/us/usc/t26/s2641/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"General rule"},{"t":"chapeau","text":"For purposes of this chapter, the term \u201capplicable rate\u201d means, with respect to any generation-skipping transfer, the product of\u2014"},{"t":"para","id":"/us/usc/t26/s2641/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the maximum Federal estate tax rate, and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t26/s2641/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the inclusion ratio with respect to the transfer.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t26/s2641/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Maximum Federal estate tax rate"},{"t":"content","children":[{"t":"p","text":"For purposes of subsection (a), the term \u201cmaximum Federal estate tax rate\u201d means the maximum rate imposed by section 2001 on the estates of decedents dying at the time of the taxable distribution, taxable termination, or direct skip, as the case may be.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}