nonexempt portion

(2) Allocation within categories (A) In general The allocation under paragraph (1) shall be made among the properties described in subparagraph (A) thereof and the trusts described in subparagraph (B) thereof, as the case may be, in proportion to the respective amounts (at the time of allocation) of the nonexempt portions of such properties or trusts. (B) Nonexempt portion For purposes of subparagraph (A), the term “nonexempt portion” means the value (at the time of allocation) of the property or trust, multiplied by the inclusion ratio with respect to such property or trust.

Source

26 USC § 2632(e)(2)

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Scoping language

None identified, default scope is assumed to be the parent (subchapter D) of this section.

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