§ 44-40-2 - Definitions. - Rhode Island Statutes

SECTION 44-40-2

   § 44-40-2  Definitions. – Except where the context otherwise requires, the words and phrases defined inthis section are used in this chapter in the sense given them in the followingdefinitions:

   (1) "Administrator" means the director of the division oftaxation.

   (2) "Deemed transferor" has the same meaning as defined in 26U.S.C. § 2601 et seq.

   (3) "Federal generation-skipping transfer tax" means the taximposed by 26 U.S.C. § 2601 et seq.

   (4) "Generation-skipping transfer" means every transfersubject to the tax imposed under 26 U.S.C. § 2601 et seq. where theoriginal transferor is a resident of the state of Rhode Island at the date ofthe original transfer, and the deemed transferor is a resident of Rhode Islandat the time of his or her death, and the property transferred is real orpersonal property in Rhode Island.

   (5) "Original transferor" means any grantor, donor, trustor,or testator who by gift, trust, or will makes a transfer of real or personalproperty that results in a federal generation- skipping transfer tax underapplicable provisions of the Internal Revenue Code of the United States, 26U.S.C. § 1 et seq.