15 USC 1523: Tax status of gifts and bequests of property
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*Public Law 119-60 has been enacted, but classifications have not been finalized. The currency ("laws in effect") date does not reflect acts for which classifications have not been finalized.

15 USC 1523: Tax status of gifts and bequests of property Text contains those laws in effect on January 14, 2026
From Title 15-COMMERCE AND TRADECHAPTER 40-DEPARTMENT OF COMMERCE
Jump To: Source CreditMiscellaneousCodification

§1523. Tax status of gifts and bequests of property

For the purpose of Federal income, estate, and gift taxes, property accepted under section 1522 of this title shall be considered as a gift or bequest to or for the use of the United States.

( Pub. L. 88–611, §2, Oct. 2, 1964, 78 Stat. 991 .)


Editorial Notes

Codification

Section was formerly classified to section 608b of Title 5 prior to the general revision and enactment of Title 5, Government Organization and Employees, by Pub. L. 89–554, §1, Sept. 6, 1966, 80 Stat. 378 .