US HR5446

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.

Introduced
04/10/2018

In Committee
04/11/2018

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

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. (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.

AI Summary

This bill amends the Internal Revenue Code of 1986 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 perishable, such as food, but can no longer immediately sell seized property merely because it is liable to become greatly reduced in price or value or cannot be kept without great expense. The amendments made by this bill will apply to property seized after the date of the bill's enactment.

Committee Categories

Budget and Finance

Sponsors (2)

Drew Ferguson (R)*, Joseph Crowley (WFP),

Last Action

Pursuant to the provisions of H. Res. 831, H.R. 5446 is laid on the table. (on 04/18/2018)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/5446/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/5446/all-info
BillText	https://www.congress.gov/115/bills/hr5446/BILLS-115hr5446ih.pdf
Bill	https://www.congress.gov/115/bills/hr5446/BILLS-115hr5446ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR5444	21st Century IRS Act Taxpayer First Act Short Titles as Reported to House Taxpayer First Act	Received in the Senate and Read twice and referred to the Committee on Finance.	Related
HRes831	Providing for consideration of the bill (H.B. 5444) to amend the Internal Revenue Code of 1986 to modernize and improve the Internal Revenue Service, and for other purposes, and providing for consideration of the bill (H.B. 5445) to amend the Internal Revenue Code of 1986 to improve cybersecurity and taxpayer identity protection, and modernize the information technology of the Internal Revenue Service, and for other purposes.	Motion to reconsider laid on the table Agreed to without objection.	Similar To

Bill > HR5446

US HR5446

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary