Enacted by Stats. 1990, Ch. 79.
Except where the context otherwise requires, the following definitions shall govern the construction of this chapter:
(a)“Generation-skipping transfer tax” means a tax imposed by any federal or California generation-skipping transfer tax law, now existing or hereafter enacted, and includes interest and penalties on any deficiency.
(b)“Property” means property on which a generation-skipping transfer tax is imposed.
(c)“Transferee” means any person who receives, who is deemed to receive, or who is the beneficiary of, any property.
(d)“Trustee” means any person who is a trustee within the meaning of the federal generation-skipping transfer tax law, or who is otherwise required to pay a generation-skipping transfer tax.
(e)“Value” means fair market value as determined for generation-skippi ng transfer tax purposes.
Cite this section
Other sections in Article 1 - General Provisions
§ 20200§ 20201