Internal Revenue Code – Section 2051

Testimonials

Internal Revenue Code – Section 2051

Sec. 2051. Definition of taxable estate

-STATUTE-

For purposes of the tax imposed by section 2001, the value of the

taxable estate shall be determined by deducting from the value of

the gross estate the deductions provided for in this part.

 

-SOURCE-

(Aug. 16, 1954, ch. 736, 68A Stat. 388; Pub. L. 95-600, title VII,

Sec. 702(r)(2), Nov. 6, 1978, 92 Stat. 2938.)

 

 

-MISC1-

AMENDMENTS

1978 – Pub. L. 95-600 struck out “exemption and” after “gross

estate the”.

 

EFFECTIVE DATE OF 1978 AMENDMENT

Section 702(r)(5) of Pub. L. 95-600 provided that: “The

amendments made by this subsection [amending this section and

sections 1016, 6324B, and 6698A of this title] shall apply to

estates of decedents dying after December 31, 1976.”

 

-End-