Notice2023-05093
Revision to Foreign Gift Minimal Value
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 13, 2023
Issuing agencies
General Services Administration
Abstract
GSA, in consultation with the U.S. Department of State, must redefine the minimal value of foreign gift items to reflect changes in the Consumer Price Index (CPI) for the preceding 3-year period, as specified under the law concerning the Receipt and Disposition of Foreign Gifts and Decorations. The minimal value was last defined effective January 1, 2020, and must be redefined effective as of January 1, 2023. This bulletin cancels FMR Bulletin B-50, "Foreign Gift and Decoration Minimal Value," issued March 10, 2020, as this bulletin provides updated information on the same topic.
Full Text
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<title>Federal Register, Volume 88 Issue 48 (Monday, March 13, 2023)</title>
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[Federal Register Volume 88, Number 48 (Monday, March 13, 2023)]
[Notices]
[Pages 15398-15399]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05093]
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GENERAL SERVICES ADMINISTRATION
[Notice-MA-2023-01; Docket No. 2023-0002; Sequence No. 1]
Revision to Foreign Gift Minimal Value
AGENCY: Office of Government-wide Policy (OGP), General Services
Administration (GSA).
ACTION: Notice of GSA Bulletin FMR B-52, Foreign Gift and Decoration
Minimal Value.
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SUMMARY: GSA, in consultation with the U.S. Department of State, must
redefine the minimal value of foreign gift items to reflect changes in
the Consumer Price
[[Page 15399]]
Index (CPI) for the preceding 3-year period, as specified under the law
concerning the Receipt and Disposition of Foreign Gifts and
Decorations. The minimal value was last defined effective January 1,
2020, and must be redefined effective as of January 1, 2023. This
bulletin cancels FMR Bulletin B-50, ``Foreign Gift and Decoration
Minimal Value,'' issued March 10, 2020, as this bulletin provides
updated information on the same topic.
DATES: Applicability Date: January 1, 2023.
This notice applies to foreign gifts and decorations received on or
after January 1, 2023.
FOR FURTHER INFORMATION CONTACT: For clarification of content, contact
Mr. William Garrett, Director, Personal Property Policy, Office of
Government-wide Policy, Office of Asset and Transportation Management,
at 202-368-8163, or by email at <a href="/cdn-cgi/l/email-protection#b3c4dadfdfdad2de9dd4d2c1c1d6c7c7f3d4c0d29dd4dcc5"><span class="__cf_email__" data-cfemail="91e6f8fdfdf8f0fcbff6f0e3e3f4e5e5d1f6e2f0bff6fee7">[email protected]</span></a>. Please cite
Notice of GSA Bulletin FMR B-52.
SUPPLEMENTARY INFORMATION:
Background
Foreign gifts and decorations above the GSA-defined minimal value
are handled differently than lesser-valued foreign gifts and
decorations under the provisions of 5 U.S.C. 7342 and FMR 102-42.
Foreign gifts and decorations above the minimal value become the
property of the Federal Government and must be reported to GSA for
disposal if not immediately needed by the agency for official purposes.
Additionally, those items initially retained by the agencies for
official use are reported to GSA upon termination of official use.
The foreign gifts and decorations minimal value was last redefined
effective January 1, 2020, at $415, and therefore, must be redefined as
of January 1, 2023, to reflect the CPI increase of 15.33 percent for
the preceding three years.
Pursuant to FMR 102-42.10, the approved revised minimal value will
be published in an FMR Bulletin posted on OGP's website (<a href="http://www.gsa.gov/foreigngifts">www.gsa.gov/foreigngifts</a>).
Calculations using the consumer prices over the past three years
show that the minimal value must increase 15.33 percent from its
current $415, which yields an amount of $478.62. As in previous years,
GSA is rounding the amount to the nearest five dollar increments.
Therefore, GSA is adjusting the new minimal value to $480.00. Per
FMR 102-42.10, an agency may, by regulation, specify a lower value than
this Government-wide value for its agency employees.
FMR Bulletin 52 is available at <a href="https://www.gsa.gov/policy-regulations/regulations/federal-management-regulation/federal-management-regulation-fmr-related-files#PersonalPropertyManagement">https://www.gsa.gov/policy-regulations/regulations/federal-management-regulation/federal-management-regulation-fmr-related-files#PersonalPropertyManagement</a>.
Krystal J. Brumfield,
Associate Administrator, Office of Government-wide Policy.
[FR Doc. 2023-05093 Filed 3-10-23; 8:45 am]
BILLING CODE 6820-14-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.