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H.R. 5446: 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.

About the bill

Source: Republican Policy Committee

H.R. 5446 modifies the definition of “perishable” good to limit the ability of the Internal Revenue Service (IRS) to deem seized property as “perishable” and utilize same day sale provisions.

Under current law, if it is determined that any tangible property seized to satisfy unpaid taxes (1) is liable to perish, (2) liable to become greatly reduced in price or value by keeping, or (3) cannot be kept without great expense, the property may be sold after it has been appraised and the owner has been given an opportunity ...

Sponsor and status

Drew Ferguson IV

Sponsor. Representative for Georgia's 3rd congressional district. Republican.

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Last Updated: Apr 10, 2018
Length: 2 pages
Introduced:

Apr 10, 2018

Status:

Passed House (Senate next) on Apr 17, 2018

This bill passed in the House on April 17, 2018 and goes to the Senate next for consideration.

Prognosis:

24% chance of being enacted according to Skopos Labs (details)

History

Apr 10, 2018
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Apr 11, 2018
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Apr 12, 2018
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Apr 17, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 5446 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

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“H.R. 5446 — 115th Congress: To amend the Internal Revenue Code of 1986 to restrict the immediate sale of seized ...” www.GovTrack.us. 2018. April 20, 2018 <https://www.govtrack.us/congress/bills/115/hr5446>

Where is this information from?

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