---
type: "LegalText"
title: "15 U.S.C. § 1523"
description: "Tax status of gifts and bequests of property"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 15
title_name: "COMMERCE AND TRADE"
chapter_number: "40"
chapter_name: "DEPARTMENT OF COMMERCE"
section: "1523"
citation: "15 U.S.C. § 1523"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
source_identifier: "/us/usc/t15/s1523"
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
source_hash: "7921c7bf68b29e5b2ade940ed5e4eca383b27dc391f97da732dcf32bc1858994"
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
text_hash: "354bba327fa471b9234cddb0b79e995d9910e2ab6b890253a57dafeaea1a2976"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

# 15 U.S.C. § 1523 - Tax status of gifts and bequests of property

## 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.

(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.