As used in this part, unless the context otherwise requires:(1) 'Federal generation-skipping transfer tax' means the tax imposed by 26 U.S.C. § 2601;(2) 'Generation-skipping transfer' means a transfer subject to the tax imposed by 26 U.S.C. § 2601 where the original transferor is a resident of Tennessee at the date of the transfer, or the property transferred is real property or tangible personal property with an actual situs in Tennessee; and(3) 'Original transferor' means any grantor, donor, trustor or testator who by grant, gift, trust or will makes a transfer of real or personal property that results in the imposition of a federal generation-skipping transfer tax under applicable provisions of the Internal Revenue Code (26 U.S.C.).Acts 1978, ch. 731, § 13; T.C.A., § 67-6-102; Acts 1988, ch. 613, § 1.
Tennessee Legal Code