26 USC § 2015 - Credit for death taxes on remainders
Where an election is made under section
6163
(a) to postpone payment of the tax imposed by section
2001, or
2101, such part of any estate, inheritance, legacy, or succession taxes allowable as a credit under section
2014, as is attributable to a reversionary or remainder interest may be allowed as a credit against the tax attributable to such interest, subject to the limitations on the amount of the credit contained in such sections, if such part is paid, and credit therefor claimed, at any time before the expiration of the time for payment of the tax imposed by section
2001 or
2101 as postponed and extended under section
6163.
Where an election is made under section
6163
(a) to postpone payment of the tax imposed by section
2001, or
2101, such part of any estate, inheritance, legacy, or succession taxes allowable as a credit under section
2014, as is attributable to a reversionary or remainder interest may be allowed as a credit against the tax attributable to such interest, subject to the limitations on the amount of the credit contained in such sections, if such part is paid, and credit therefor claimed, at any time before the expiration of the time for payment of the tax imposed by section
2001 or
2101 as postponed and extended under section
6163.
Source
(Aug. 16, 1954, ch. 736, 68A Stat. 379; Pub. L. 85–866, title I, § 66(a)(1),Sept. 2, 1958, 72 Stat. 1657; Pub. L. 107–16, title V, § 532(c)(4),June 7, 2001, 115 Stat. 74.)
Amendment of Section
For termination of amendment by section 901 ofPub. L. 107–16, see Effective and Termination Dates of 2001 Amendment note below.
Amendments
2001—Pub. L. 107–16, §§ 532(c)(4),
901, temporarily struck out “2011 or” before “2014”. See Effective and Termination Dates of 2001 Amendment note below.
1958—Pub. L. 85–866substituted “the time for payment of the tax imposed by section
2001 or
2101 as postponed and extended under section
6163” for “60 days after the termination of the precedent interest or interests in the property”.
Effective and Termination Dates of 2001 Amendment
Amendment by Pub. L. 107–16applicable to estates of decedents dying, and generation-skipping transfers, after Dec. 31, 2004, see section 532(d) ofPub. L. 107–16, set out as a note under section
2011 of this title.
Amendment by Pub. L. 107–16inapplicable to estates of decedents dying, gifts made, or generation skipping transfers, after Dec. 31, 2012, and the Internal Revenue Code of 1986 to be applied and administered to such estates, gifts, and transfers as if such amendment had never been enacted, see section 901 ofPub. L. 107–16, set out as a note under section
1 of this title.
Effective Date of 1958 Amendment
Section 66(a)(3) ofPub. L. 85–866provided that: “The amendments made by paragraphs (1) and (2) [amending this section and section 927 of I.R.C. 1939] shall apply in the case of any reversionary or remainder interest in property only if the precedent interest or interests in the property did not terminate before the beginning of the 60-day period which ends on the date of the enactment of this Act [Sept. 2, 1958].”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, May 21, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
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