(Sec. 1) This bill amends the Internal Revenue Code to limit the authority of the Internal Revenue Service (IRS) to immediately sell certain seized property. The IRS may continue to immediately sell seized property that is liable to perish (e.g., food, but not clothing or equipment) after the owner is given an opportunity to pay the appraised value of the property or post a bond to ensure payment. The IRS may no longer immediately sell seized property merely if it is liable to become greatly reduced in price or value or cannot be kept without great expense.
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5446 Introduced in House (IH)]
<DOC>
115th CONGRESS
2d Session
H. R. 5446
To amend the Internal Revenue Code of 1986 to restrict the immediate
sale of seized property by the Secretary of the Treasury to perishable
goods.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 10, 2018
Mr. Ferguson (for himself and Mr. Crowley) introduced the following
bill; which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to restrict the immediate
sale of seized property by the Secretary of the Treasury to perishable
goods.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. RULES FOR SEIZURE AND SALE OF PERISHABLE GOODS RESTRICTED TO
ONLY PERISHABLE GOODS.
(a) In General.--Section 6336 of the Internal Revenue Code of 1986
is amended by striking ``or become greatly reduced in price or value by
keeping, or that such property cannot be kept without great expense''.
(b) Effective Date.--The amendment made by this subsection shall
apply to property seized after the date of the enactment of this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Ms. Jenkins (KS) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H3366-3367)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5446.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H3366)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3366)
Motion to reconsider laid on the table Agreed to without objection.
Pursuant to the provisions of H. Res. 831, H.R. 5446 is laid on the table.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line