§ 1523. — Tax status of gifts and bequests of property.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC1523]
TITLE 15--COMMERCE AND TRADE
CHAPTER 40--DEPARTMENT OF COMMERCE
Sec. 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, Sec. 2, Oct. 2, 1964, 78 Stat. 991.)
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, Sec. 1, Sept. 6, 1966, 80 Stat. 378.
