Colorado § 39-23.5-106 - Tax on generation-skipping transfer - amount - property included in generation-skipping transfer.
Full text of Colorado Colorado Revised Statutes § 39-23.5-106 — Tax on generation-skipping transfer - amount - property included in generation-skipping transfer., with citation guidance and answers to common questions.
§ 39-23.5-106. Tax on generation-skipping transfer - amount - property included in generation-skipping transfer.
(1) A tax in an amount determined as provided in this section is imposed on every generation-skipping transfer.
(2) The tax shall be an amount determined by multiplying the maximum amount allowable under section 2604 of the internal revenue code by a fraction, the numerator of which is the value of the property located in Colorado included in the generation-skipping transfer and the denominator of which is the value of all property included in the generation-skipping transfer.
(3) Property located in Colorado includes real property situated in this state held in trust or otherwise; tangible personal property which has an actual situs in this state; and intangible personal property owned by a trust having its principal place of administration in this state at the time of the generation-skipping transfer.
Source: L. 79: Entire article added, p. 1433, § 16, effective July 3. L. 83: (2) amended, p. 1534, § 5, effective July 1. L. 88: (2) amended, p. 1326, § 2, effective April 6.
ANNOTATION
Law reviews. For article, "Automatic and Elective Allocation of Generation-Skipping Transfer Tax Exemption", see 32 Colo. Law. 69 (Mar. 2003).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 39-23.5-106
What does Colorado Revised Statutes § 39-23.5-106 cover?
Section 39-23.5-106 ("Tax on generation-skipping transfer - amount - property included in generation-skipping transfer.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 39-23.5-106?
A common citation format is "Colorado Revised Statutes § 39-23.5-106" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 39-23.5-106 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.