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H.R. 5446

Introduced

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.

Introduced 4/10/2018•115th Congress•House

Latest Action

Pursuant to the provisions of H. Res. 831, H.R. 5446 is laid on the table.

4/18/2018 • House

Summary

(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.

Passed House amended • 4/17/2018

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Topics & Subjects

Policy Area: Taxation
Debt collectionTax administration and collection, taxpayers

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

1
Democrats
1
Republicans
0
Independents

Sponsor

R[
Rep. Ferguson, A. Drew, IV [R-GA-3]

Republican • GA-3

Sponsored 4/10/2018

Cosponsors (1)

R[
Rep. Crowley, Joseph [D-NY-14]

D-NY-14

Joined 4/10/2018

Bill Journey

Originated in the House

Introduced

April 10, 2018

Committee Review

April 11, 2018

Ordered to be Reported (Amended) by Voice Vote.

Floor Debate

April 17, 2018

Passed Chamber

April 17, 2018

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House4/10/2018

Details

Bill TypeHR
Current StatusIntroduced
Cosponsors1