Forfeiture Equity Act of 1993

Forfeiture Equity Act of 1993 - Makes the Department of Justice Assets Forfeiture Fund available for purposes of the payment of State and local property taxes on forfeited property, beginning on the date of the offense giving rise to the forfeiture.

[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1543 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1543

   To amend title 28, United States Code to permit payment, from the 
Department of Justice Assets Forfeiture Fund, of State and local taxes 
                      on certain seized property.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 30, 1993

 Mr. Hochbrueckner (for himself, Mr. Sundquist, Mr. Clyburn, Mr. Smith 
of New Jersey, Mr. Blackwell, and Mr. Nadler) introduced the following 
       bill; which was referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
   To amend title 28, United States Code to permit payment, from the 
Department of Justice Assets Forfeiture Fund, of State and local taxes 
                      on certain seized property.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Forfeiture Equity Act of 1993''.

SEC. 2. PAYMENT OF STATE AND LOCAL PROPERTY TAXES ON FORFEITED 
              PROPERTY.

    Paragraph (1) of subsection (c) of section 524 of title 28, United 
States Code, is amended--
            (1) by striking out the period at the end of subparagraph 
        (I) and inserting in lieu thereof the following: ``; and''; and
            (2) by adding at the end the following new subparagraph:
                    ``(J) the payment of State and local property taxes 
                on forfeited property, beginning on the date of the 
                offense giving rise to the forfeiture.''.

SEC. 3. APPLICABILITY.

    The amendments made by section 2 shall apply with respect to 
property seized before, on, or after the date of the enactment of this 
Act.

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