§ 1523. Tax status of gifts and bequests of property

Type Statute

Publication 2026-03-26

State In force

Department United States Congress

Source OLRC

§ 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.

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