Browse Arkansas Code titles and sections
26 U.S.C. § 2511 — Transfers in general
Federal law — U.S. Code and appendices · legal_authorities
**(a) Scope** Subject to the limitations contained in this chapter, the tax imposed by section 2501 shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible; but in the case of a nonresident not a citizen of the United States, shall apply to a transfer only if the property is situated within the United States.
**(b) Intangible property** For purposes of this chapter, in the case of a nonresident not a citizen of the United States who is excepted from the application of section 2501(a)(2)—
(1) shares of stock issued by a domestic corporation, and
(2) debt obligations of—
(A) a United States person, or
(B) the United States, a State or any political subdivision thereof, or the District of Columbia,
which are owned and held by such nonresident shall be deemed to be property situated within the United States.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 2511
Stored review status: release_metadata_unconfirmed. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: 63807ab3f0e8acf50baef43983a4fc470855482202c5300916857e55fb9d9581. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:record_usc_5faabef8a43adb7004c18199
Source file: Laws/federal/codes/united-states-code/title-26/section-2511-transfers-in-general--5f7da37419.md
Pages: Not recorded – Not recorded
Passage SHA-256: 3d57ce606e47be8a8d86fb26f163d7148084623f41434417bdadc640cb697f90
Source location: Title 26, Chapter 12, § 2511; chapter-012-gift-tax.md
Stored source content
**(a) Scope** Subject to the limitations contained in this chapter, the tax imposed by section 2501 shall apply whether the transfer is in trust or otherwise, whether the gift is direct or indirect, and whether the property is real or personal, tangible or intangible; but in the case of a nonresident not a citizen of the United States, shall apply to a transfer only if the property is situated within the United States.
**(b) Intangible property** For purposes of this chapter, in the case of a nonresident not a citizen of the United States who is excepted from the application of section 2501(a)(2)—
(1) shares of stock issued by a domestic corporation, and
(2) debt obligations of—
(A) a United States person, or
(B) the United States, a State or any political subdivision thereof, or the District of Columbia,
which are owned and held by such nonresident shall be deemed to be property situated within the United States.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Imposition** A tax is hereby imposed on the transfer of the taxable estate of every decedent who is a citizen or resident of the United States.
**(b) Computation of tax** The tax imposed by this section shall be the amount equal to the excess (if any) of—
(1) a tentative tax computed under subsection (c) on the sum of—
(A) the amount of the taxable estate, and
(B) the amount of the adjusted taxable gifts, over
(2) the aggregate amount of tax which would have been payable under chapter 12 with respect to gifts made by the decedent after December 31, 1976, if the modifications described in subsection (g) had been applicable at the time of such gifts.
For purposes of paragraph (1)(B), the term “adjusted taxable gifts” means the total amount of the taxable gifts (within the meaning of section 2503) made by the decedent after December 31, 1976, other than gifts which are includible in the gross estate of the decedent.
**(c) Rate schedule** If the amount with respect to which the tentative tax to be computed is:The tentative tax is: Not over $10,00018 percent of such amount. Over $10,000 but not over $20,000$1,800, plus 20 percent of the excess of such amount over $10,000. Over $20,000 but not over $40,000$3,800, plus 22 percent of the excess of such amount over $20,000. Over $40,000 but not over $60,000$8,200 plus 24 percent of the excess of such amount over $40,000. Over $60,000 but not over $80,000$13,000, plus 26 percent of the excess of such amount over $60,000. Over $80,000 but not over $100,000$18,200, plus 28 percent of the excess of such amount over $80,000. Over $100,000 but not over $150,000$23,800, plus 30 percent of the excess of such amount over $100,000. Over $150,000 but not over $250,000$38,800, plus 32 percent of the excess of such amount ove
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 2001
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Computation of tax** The tax imposed by section 2501 for each calendar year shall be an amount equal to the excess of—
(1) a tentative tax, computed under section 2001(c), on the aggregate sum of the taxable gifts for such calendar year and for each of the preceding calendar periods, over
(2) a tentative tax, computed under such section, on the aggregate sum of the taxable gifts for each of the preceding calendar periods.
**(b) Preceding calendar period** Whenever used in this title in connection with the gift tax imposed by this chapter, the term “preceding calendar period” means—
(1) calendar years 1932 and 1970 and all calendar years intervening between calendar year 1932 and calendar year 1970,
(2) the first calendar quarter of calendar year 1971 and all calendar quarters intervening between such calendar quarter and the first calendar quarter of calendar year 1982, and
(3) all calendar years after 1981 and before the calendar year for which the tax is being computed.
For purposes of paragraph (1), the term “calendar year 1932” includes only that portion of such year after June 6, 1932.
**(c) Tax to be paid by donor** The tax imposed by section 2501 shall be paid by the donor.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 2502
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Taxable transfers**
(1) **General rule** — A tax, computed as provided in section 2502, is hereby imposed for each calendar year on the transfer of property by gift during such calendar year by any individual resident or nonresident.
(2) **Transfers of intangible property** — Except as provided in paragraph (3), paragraph (1) shall not apply to the transfer of intangible property by a nonresident not a citizen of the United States.
(3) **Exception**
(A) *Certain individuals* — Paragraph (2) shall not apply in the case of a donor to whom section 877(b) applies for the taxable year which includes the date of the transfer.
(B) *Credit for foreign gift taxes* — The tax imposed by this section solely by reason of this paragraph shall be credited with the amount of any gift tax actually paid to any foreign country in respect of any gift which is taxable under this section solely by reason of this paragraph.
(4) **Transfers to political organizations** — Paragraph (1) shall not apply to the transfer of money or other property to a political organization (within the meaning of section 527(e)(1)) for the use of such organization.
(5) **Transfers of certain stock**
(A) *In general* — In the case of a transfer of stock in a foreign corporation described in subparagraph (B) by a donor to whom section 877(b) applies for the taxable year which includes the date of the transfer—
(i) section 2511(a) shall be applied without regard to whether such stock is situated within the United States, and
(ii) the value of such stock for purposes of this chapter shall be its U.S.-asset value determined under subparagraph (C).
(B) *Foreign corporation described* — A foreign corporation is described in this subparagraph with respect to a donor if—
(i) the donor
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 2501
Stored review status: release_metadata_unconfirmed. Explicit cross-reference supplied in source Markdown; currentness and applicability require review.
Federal law — U.S. Code and appendices · legal_authorities
Page 2639
TITLE 26—INTERNAL REVENUE CODE
§ 2511
2001—Subsec. (a)(1). Pub. L. 107–16, § 521(b)(2), amend-
ed par. (1) generally. Prior to amendment, par. (1) read
as follows: ‘‘the applicable credit amount in effect
under section 2010(c) for such calendar year (deter-
mined as if the applicable exclusion amount were
$1,000,000), reduced by’’.
Pub. L. 107–16, § 521(b)(1), inserted ‘‘(determined as if
the applicable exclusion amount were $1,000,000)’’ after
‘‘calendar year’’.
1997—Subsec. (a)(1). Pub. L. 105–34 substituted ‘‘the
applicable credit amount in effect under section 2010(c)
for such calendar year’’ for ‘‘$192,800’’.
1990—Subsecs. (b) to (d). Pub. L. 101–508 redesignated
subsecs. (c) and (d) as subsecs. (b) and (c), respectively,
and struck out former subsec. (b) which provided for a
phase-in of the unified credit against gift tax.
1981—Subsec. (a). Pub. L. 97–34, § 442(a)(5)(A), sub-
stituted in provision preceding par. (1) ‘‘year’’ for
‘‘quarter’’, and ‘‘periods’’ for ‘‘quarters’’ in par. (2).
Subsec. (a)(1). Pub. L. 97–34, § 401(b)(1), substituted
‘‘$192,800’’ for ‘‘$47,000’’.
Subsec. (b). Pub. L. 97–34, § 401(b)(2), struck out from
heading ‘‘$47,000’’ before ‘‘credit’’, substituted subsec.
(a)(1) substitutions for ‘‘$192,800’’ of amounts of
‘‘$62,800’’, ‘‘$79,300’’, ‘‘$96,300’’, ‘‘$121,800’’, and ‘‘$155,800’’
in the case of gifts made in 1982, 1983, 1984, 1985, and
1986, respectively, for subsec. (a)(1) substitutions for
‘‘$47,000’’ of amounts of ‘‘$6,000’’, ‘‘$30,000’’, ‘‘$34,000’’,
‘‘$38,000’’, and ‘‘$42,500’’ in the case of gifts made after
Dec. 31, 1976, and before July 1, 1977, after June 30, 1977,
and before Jan. 1, 1978; after Dec. 31, 1977, and before
Jan. 1, 1979, after Dec. 31, 1978, and before Jan. 1, 1980,
and after De
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 2511
Stored review status: historical_2024_not_currentness_verified. Same stored citation; legal effect and authority still require review.