{"data":{"id":"us/26-u.s.c.-2631","jurisdiction":"us","citation":"26 U.S.C. § 2631","heading":"GST exemption","body":"(a) General ruleFor purposes of determining the inclusion ratio, every individual shall be allowed a GST exemption amount which may be allocated by such individual (or his executor) to any property with respect to which such individual is the transferor. (b) Allocations irrevocableAny allocation under subsection (a), once made, shall be irrevocable. (c) GST exemption amountFor purposes of subsection (a), the GST exemption amount for any calendar year shall be equal to the basic exclusion amount under section 2010(c) for such calendar year.","path":["Title 26—INTERNAL REVENUE CODE","CHAPTER 13—TAX ON GENERATION-SKIPPING TRANSFERS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc26@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:58:25Z","sha256":"b4482dc6080432ad81cd30e8b2094f88d80a55dca6e5815e234b3942ba7a5a27","source_id":"us","stale":false,"prev":"us/26-u.s.c.-2624","next":"us/26-u.s.c.-2632"},"notice":"GroundRules: Original legal text. Not legal advice."}