nontax portion

(3) Nontax portion For purposes of paragraph (2), the term “nontax portion” means the product of— (A) the value of all of the property in the trust, and (B) the applicable fraction in effect for such trust.

Source

26 USC § 2642(d)(3)

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Scoping language

None identified, default scope is assumed to be the parent (subchapter E) of this section.

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