U.S. Code > Title 15 Commerce and Trade > CHAPTER 40—DEPARTMENT OF COMMERCE (§§ 1501—1542) > § 1523. Tax status of gifts and bequests of property

§ 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.