Tax on generation-skipping transfer - amount - property included in generation-skipping transfer
C.R.S. § 39-23.5-106
in effect39-23.5-106. Tax on generation-skipping transfer - amount - property included in generation-skipping transfer. (1) A tax in an amount determined as provided in this section is imposed on every generation-skipping transfer.
(2) The tax shall be an amount determined by multiplying the maximum amount allowable under section 2604 of the internal revenue code by a fraction, the numerator of which is the value of the property located in Colorado included in the generation-skipping transfer and the denominator of which is the value of all property included in the generation-skipping transfer.
(3) Property located in Colorado includes real property situated in this state held in trust or otherwise; tangible personal property which has an actual situs in this state; and intangible personal property owned by a trust having its principal place of administration in this state at the time of the generation-skipping transfer.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-39.docx#39-23.5-106Fetched: 10/6/2026