15 USC 1523 – Tax status of gifts and bequests of property
Current as of: 2024 | Check for updates
|
Other versions
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.
Terms Used In 15 USC 1523
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.