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.

Bill: 115-hr-5446
Sponsor: full_name: Rep. Ferguson, A. Drew, IV [R-GA-3]
Introduced: 2018-04-10
Policy area: Taxation
Subjects: Debt collection

Tax administration and collection, taxpayers
Latest action: action_date: 2018-04-18
text: Pursuant to the provisions of H. Res. 831, H.R. 5446 is laid on the table.

Summaries:
action_date: 2018-04-10
action_desc: Introduced in House
text: <p>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 cannot be kept without great expense. </p>

action_date: 2018-04-17
action_desc: Passed House amended
text: <p>(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. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5446 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.

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.