(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.
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 journey · stage 1 of 5
Just introduced
What it doesSummary passed house amended (Apr 17, 2018)
(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.
What just happenedApr 18, 2018
Pursuant to the provisions of H. Res. 831, H.R. 5446 is laid on the table.
Who’s behind it
- Introduced in HouseApr 10, 2018
- Apr 18, 2018FloorH1B000
Pursuant to the provisions of H. Res. 831, H.R. 5446 is laid on the table.
- Apr 17, 2018FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Apr 17, 2018FloorH37300
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H3366)
- Apr 17, 2018Floor8000
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H3366)
- Apr 17, 2018FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 5446.
- Apr 17, 2018FloorH30000
Considered under suspension of the rules. (consideration: CR H3366-3367)
- Apr 17, 2018FloorH30300
Ms. Jenkins (KS) moved to suspend the rules and pass the bill, as amended.
- Apr 11, 2018Committee
Ordered to be Reported (Amended) by Voice Vote.
Ways and Means Committee - Apr 11, 2018Committee
Committee Consideration and Mark-up Session Held.
Ways and Means Committee - Apr 10, 2018IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 10, 2018IntroReferralIntro-H
Introduced in House
- Apr 10, 2018IntroReferral1000
Introduced in House
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.