C.R.S. Section 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: Section 39-23.5-106 — Tax on generation-skipping transfer - amount - property included in generation-skipping transfer, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-39.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 39-23.5-106’s source at colorado​.gov