26 U.S.C. § 2631 - U.S. Code - Unannotated Title 26. Internal Revenue Code § 2631. GST exemption

(a) General rule.--For purposes of determining the inclusion ratio, every individual shall be allowed a GST exemption amount which may be allocated by such individual (or his executor) to any property with respect to which such individual is the transferor.

(b) Allocations irrevocable.--Any allocation under subsection (a), once made, shall be irrevocable.

(c) GST exemption amount.--For purposes of subsection (a), the GST exemption amount for any calendar year shall be equal to the basic exclusion amount under section 2010(c) for such calendar year.