26 U.S. Code § 6324B - Special lien for additional estate tax attributable to farm, etc., valuation
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(a) General rule
In the case of any interest in qualified real property (within the meaning of section 2032A (b)), an amount equal to the adjusted tax difference attributable to such interest (within the meaning of section 2032A (c)(2)(B)) shall be a lien in favor of the United States on the property in which such interest exists.
(b) Period of lien
The lien imposed by this section shall arise at the time an election is filed under section 2032A and shall continue with respect to any interest in the qualified real property—
(1) until the liability for tax under subsection (c) ofsection 2032A with respect to such interest has been satisfied or has become unenforceable by reason of lapse of time, or
(c) Certain rules and definitions made applicable
(1) In general
Source(Added Pub. L. 94–455, title XX, § 2003(b),Oct. 4, 1976, 90 Stat. 1861; amended Pub. L. 95–600, title VII, § 702(r)(4),Nov. 6, 1978, 92 Stat. 2939; Pub. L. 96–222, title I, § 108(d),Apr. 1, 1980, 94 Stat. 228; Pub. L. 97–34, title IV, § 421(d)(2)(B),Aug. 13, 1981, 95 Stat. 309.)
1981—Subsec. (c)(2). Pub. L. 97–34defined “qualified real property” to include qualified exchange property (within the meaning of section 2032A (i)(3)).
1980—Subsec. (c). Pub. L. 96–222designated existing provisions as par. (1), substituted “The rule” for “The rules”, and added par. (2).
1978—Subsec. (b). Pub. L. 95–600substituted “qualified real property” for “qualified farm real property”.
Effective Date of 1981 Amendment
Amendment by Pub. L. 97–34applicable with respect to exchanges after Dec. 31, 1981, see section 421(k)(3) ofPub. L. 97–34, set out as a note under section 2032A of this title.
Effective Date of 1980 Amendment
Amendment by Pub. L. 96–222effective, except as otherwise provided, as if it had been included in the provisions of the Revenue Act of 1978, Pub. L. 95–600, to which such amendment relates, see section 201 ofPub. L. 96–222, set out as a note under section 32 of this title.
Effective Date of 1978 Amendment