CHAPTER 2. Proration of Taxes on Generation-Skipping Transfer [20200. - 20225.]

Chapter 2 enacted by Stats. 1990, Ch. 79.

§§ 20200–20225 · 14 sections

1. ARTICLE 1. General Provisions §§ 20200–20201 · 2 sections

   • § 20200 Except where the context otherwise requires, the following definitions shall govern the construction of this chapter: (a) “Generation-skipping transfer tax”…
   • § 20201 (a) This chapter does not apply to transferees of property of a decedent who died before January 1, 1987. (b) No inference as to the applicable law in effect…
2. ARTICLE 2. Proration §§ 20210–20215 · 6 sections

   • § 20210 (a) Except as provided in subdivision (b), any generation-skipping transfer tax shall be equitably prorated among the transferees in the manner prescribed in…
   • § 20211 The proration required by this article shall be made in the proportion that the value of the property received by each transferee bears to the total value of…
   • § 20212 In making a proration required by this article: (a) Allowances shall be made for credits, exemptions, and deductions allowed for the purpose of determining the…
   • § 20213 If a trust is created or other provision made whereby a transferee is given an interest in income, or an estate for years or for life, or another temporary…
   • § 20214 (a) If all property does not come into the possession of the trustee, the trustee is entitled, and has the duty, to recover from the transferees, the…
   • § 20215 (a) If a person is charged with, or required to pay, a generation-skipping transfer tax greater than the amount prorated to that person because another person…
3. ARTICLE 3. Judicial Proceedings §§ 20220–20225 · 6 sections

   • § 20220 (a) The trustee or any transferee may commence a proceeding to have a court determine the proration pursuant to this chapter. (b) A proceeding under this…
   • § 20221 A proceeding under this article shall be commenced by filing a petition that sets forth all of the following information: (a) The jurisdictional facts. (b)…
   • § 20222 Not less than 30 days before the hearing the petitioner shall do both of the following: (a) Cause notice of the hearing and a copy of the petition to be…
   • § 20223 (a) The court, upon making a determination as provided in this article, shall make an order: (1) Directing the trustee to charge the prorated amounts against…
   • § 20224 Upon petition by the trustee or any transferee, the court shall modify an order made pursuant to this article whenever it appears that the amount of…
   • § 20225 (a) A trustee acting or resident in another state may commence an action in this state to recover from a transferee, who either is resident in this state or…