(a)In this subtitle the following words have the meanings…#
(a) In this subtitle the following words have the meanings indicated.
(b)“Federal credit” means:#
(b) “Federal credit” means:
(1) the maximum allowable credit for State taxes under § 2604 of the Internal Revenue Code against the federal generation-skipping transfer tax; less
(2) the amount that bears the same ratio to the maximum allowable credit as the value of the generation-skipping transfer taxable by all other states bears to the total value of the generation-skipping transfer.
(c)“Federal generation-skipping transfer tax” means the…#
(c) “Federal generation-skipping transfer tax” means the tax imposed by § 2601 of the Internal Revenue Code.