TITLE 26. INTERNAL REVENUE CODE § 2010. Unified credit against estate tax [Caution: For the inflation adjustment of certain items in this section, see the Revenue Procedure which appears as 26 USCS § 1 note.]., 26 USCS § 2010
Summary
(a) General rule. A credit of the applicable credit amount shall be allowed to the estate of every decedent against the tax imposed by section 2001 [26 USCS § 2001].
(b) Adjustment to credit for certain gifts made before 1977. The amount of the credit allowable under subsection (a) shall be reduced by an amount equal to 20 percent of the aggregate amount allowed as a specific exemption under section 2521 [26 USCS § 2521] (as in effect before its repeal by the Tax Reform Act of 1976) with respect to gifts made by the decedent after September 8, 1976.
(c) Applicable credit amount.