15 U.S. Code §1523. Tax status of gifts and bequests of property

Section Text

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.

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.

Citation

15 U.S.C. § 1523 (2018)