Title 15 of the U.S. Code § 1523 - Tax status of gifts and bequests of property
Full text of § 1523 from Title 15 of the United States Code.
§ 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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15 U.S.C. § 1523 is part of Title 15 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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