Data / Federal rules / 2024-09644
Relief Provisions Respecting Timely Allocation of GST Exemption and Certain GST Elections
The Internal Revenue Service published this final rule in the Federal Register on May 6, 2024. It took effect on May 6, 2024.
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What the agency says
This document contains final regulations that provide guidance describing the circumstances and procedures under which an extension of time will be granted to make certain allocations and elections related to the generation-skipping transfer (GST) tax. The statutory provision underlying these rules was enacted as part of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). The guidance affects individuals (or their estates) who failed to make a timely allocation of GST exemption, a timely election out of the GST automatic allocation rules, or certain other timely GST elections.
Key facts
- Document number
- 2024-09644
- Type
- Final rule
- Action
- Final rule
- Agency
- Treasury Department; Internal Revenue Service
- Published
- May 6, 2024
- Takes effect
- May 6, 2024
- Dates
- Effective date: These regulations are effective on May 6, 2024.
- Docket
- TD 9996
- Regulation ID (RIN)
- 1545-BH63
- Code of Federal Regulations
- 26 CFR 26; 26 CFR 301; 26 CFR 602
- Topics
- Employment taxes; Estate taxes; Excise taxes; Gift taxes; Income taxes; Penalties; Reporting and recordkeeping requirements
- Pages
- 12
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Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.