26 USC § 2623 - Taxable amount in case of direct skip

---
identifier: "/us/usc/t26/s2623"
source: "usc"
legal_status: "official_prima_facie"
title: "26 USC § 2623 - Taxable amount in case of direct skip"
title_number: 26
title_name: "INTERNAL REVENUE CODE"
section_number: "2623"
section_name: "Taxable amount in case of direct skip"
chapter_number: 13
chapter_name: "TAX ON GENERATION-SKIPPING TRANSFERS"
subchapter_number: "C"
subchapter_name: "Taxable Amount"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Added Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2721.)"
---


# § 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.

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

## Statutory Notes and Related Subsidiaries

### Effective Date

Section applicable to generation-skipping transfers (within the meaning of ) made after , except as otherwise provided, see , set out as a note under .