---
kind: "section"
citation: "15 U.S.C. § 1523"
title: "15"
title_heading: "Commerce and Trade"
number: "1523"
heading: "Tax status of gifts and bequests of property"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/1523"
units:
  - "Chapter 40 — Department of Commerce"
---

# §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](/usc/15/1522.md) shall be considered as a gift or bequest to or for the use of the United States.


## Source credit

(Pub. L. 88–611, § 2, Oct. 2, 1964, 78 Stat. 991.)

## Notes

### 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.