26 U.S. Code § 7505 - Sale of personal property acquired by the United States
prev | next
Any personal property acquired by the United States in payment of or as security for debts arising under the internal revenue laws may be sold by the Secretary in accordance with such regulations as may be prescribed by the Secretary.
Source(Aug. 16, 1954, ch. 736, 68A Stat. 896; Pub. L. 89–719, title I, § 111(a), (c)(1),Nov. 2, 1966, 80 Stat. 1145; Pub. L. 94–455, title XIX, § 1906(b)(13)(A),Oct. 4, 1976, 90 Stat. 1834.)
1976—Subsec. (a). Pub. L. 94–455struck out “or his delegate” after “Secretary” wherever appearing.
1966—Pub. L. 89–719substituted “acquired by the United States in payment of or as security for debts arising under the internal revenue laws” for “purchased by the United States under the authority of section 6335 (e) (relating to purchase for the account of the United States of property sold under levy)” in subsec. (a), and substituted “acquired” for “purchased” in section catchline.
Effective Date of 1966 Amendment
LII has no control over and does not endorse any external Internet site that contains links to or references LII.