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• United States Code
• TITLE 26 - INTERNAL REVENUE CODE
• SUBTITLE B - ESTATE AND GIFT TAXES
• CHAPTER 13 - TAX ON GENERATION-SKIPPING TRANSFERS
• SUBCHAPTER D - GST EXEMPTION

    (a) General rule
      For 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 irrevocable
      Any allocation under subsection (a), once made, shall be
    irrevocable.
    (c) GST exemption amount
      For purposes of subsection (a), the GST exemption amount for any
    calendar year shall be equal to the applicable exclusion amount
    under section 2010(c) for such calendar year.