Title 15 — Commerce and Trade
Chapter 40 — Department of Commerce
§ 1523. Tax status of gifts and bequests of property
Statutory 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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 88–611 § 2 · 78 Stat. 991
Enacted · 15 U.S.C. § 1523
(Pub. L. 88–611, § 2, Oct. 2, 1964, 78 Stat. 991.)
Source evidence
Code source credit
(Pub. L. 88–611, § 2, Oct. 2, 1964, 78 Stat. 991.)Enacted provision · exact public law section
Sec. 2. For the purpose of Federal income, estate, and gift, taxes, Tax status. property accepted under section 1 shall be considered as a gift or bequest to or for the use of the United States.
1 of 1 references resolved to an enrolled provision
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, , 80 Stat. 378.