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.

Summary

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.

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Documents

4 official files

• Passed House amended

  summary · EN · 17 April 2018

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 10 April 2018

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• Introduced in House (PDF)

  Introduced in House · EN · 10 April 2018

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 10 April 2018

  Open at official source

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