H.R. 5446
IntroducedTo amend the Internal Revenue Code of 1986 to restrict the immediate sale of seized property by the Secretary of the Treasury to perishable goods.
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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Sponsor & Cosponsors (2)
Party Breakdown
Sponsor
Cosponsors (1)
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