Identify Which of the Following Statements Is False

question 48

Multiple Choice

Identify which of the following statements is false.

• A)Special use valuation is available for farmland to help alleviate liquidity problems.
• B)The transferee is liable for the generation-skipping transfer tax (GSTT)in the case of a direct skip.
• C)The generation-skipping transfer tax (GSTT)is imposed to assure that some form of transfer taxation is imposed once a generation.
• D)A direct skip skips one or more generations.

---

Definitions:

Audience Members

Individuals who are part of the group that listens, views, or reads the content being delivered or presented by a speaker, author, or artist.

Desired Changes

Modifications or adjustments that an individual or group aims to achieve.

Implementation Plan

A detailed document outlining the steps, timelines, and resources required to execute a project or strategy.

Noncompetitive Proposals

Bids or offers provided for a contract that are not subject to competitive bidding processes.