Page:United States Statutes at Large Volume 115 Part 1.djvu/97

 PUBLIC LAW 107-16^JUNE 7, 2001 115 STAT. 75 (A) by striking "2011,", and (B) by inserting "2058," after "2056,". - (7)(A) Subsection (a) of section 2102 is amended to read 26 USC 2102. as follows: "(a) IN GENERAL. — The tax imposed by section 2101 shall be credited with the amounts determined in accordance with sections 2012 and 2013 (relating to gift tax and tax on prior transfers).". (B) Section 2102 is amended by striking subsection (b) and by redesignating subsection (c) as subsection (b). (C) Section 2102(b)(5) (as redesignated by subparagraph (B)) and section 2107(c)(3) are each amended by striking "2011 (8) Subsection (a) of section 2106 is amended by adding at the end the following new paragraph: " (4) STATE DEATH TAXES.— The amount which bears the same ratio to the State death taxes as the value of the property, as determined for purposes of this chapter, upon which State / death taxes were paid and which is included in the gross estate under section 2103 bears to the value of the total gross estate under section 2103. For purposes of this paragraph, the term 'State death taxes' means the taxes described in section 2011(a).". (9) Section 2201 is amended— (A) by striking "as defined in section 2011(d)", and (B) by adding at the end the following new flush sentence: "For purposes of this section, the additional estate tax is the dif- ference between the tax imposed by section 2001 or 2101 and the amount equal to 125 percent of the maximum credit provided by section 2011(b), as in effect before its repeal by the Economic Growth and Tax Relief Reconciliation Act of 2001.". (10) Section 2604 (relating to credit for certain State taxes) is amended by adding at the end the following new subsection: "(c) TERMINATION.—T h is section shall not apply to the generation-skipping transfers after December 31, 2004.". (11) Paragraph (2) of section 6511(i) is amended by striking "2011(c), 2014(b)," and inserting "2014(b)". (12) Subsection (c) of section 6612 is amended by striking "section 2011(c) (relating to refunds due to credit for State taxes),". (13) The table of sections for part II of subchapter A of chapter 11 is amended by striking the item relating to section 2011. (14) The table of sections for part IV of subchapter A of chapter 11 is amended by adding at the end the following new item: "Sec. 2058. State death taxes.". (15) The table of sections for subchapter A of chapter 13 is amended by striking the item relating to section 2604. (d) EFFECTIVE DATE. —The amendments made by this section Applicability, shall apply to estates of decedents dying, and generation-skipping 26 USC 2011 transfers, after December 31, 2004. °°* ^- 89-194O -03 -4 QL3 Part1
 * to 2013, inclusive," and inserting "2012 and 2013".

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