About the bill
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 to pay the appraised value or furnish bond for payment. The general procedures governing the sale of seized property that are set forth in the Code (e.g., requiring ten-day notice before sale and the determination of a minimum bid ...
Sponsor and status
Sponsor. Representative for Georgia's 3rd congressional district. Republican.
Last Updated: Apr 10, 2018
Length: 2 pages
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on April 17, 2018 but was never passed by the Senate.
What legislators are saying
“Ferguson Bill to Limit IRS Overreach Passes House on Tax Day”
— Rep. Drew Ferguson [R-GA3] (Sponsor) on Apr 17, 2018
Apr 10, 2018
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Apr 11, 2018
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 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.
H.R. 5446 (115th) was 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.
Bills numbers restart every two years. That means there are other bills with the number H.R. 5446. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2020). H.R. 5446 — 115th Congress: To amend the Internal Revenue Code of 1986 to restrict the immediate sale of seized ... Retrieved from https://www.govtrack.us/congress/bills/115/hr5446
“H.R. 5446 — 115th Congress: To amend the Internal Revenue Code of 1986 to restrict the immediate sale of seized ...” www.GovTrack.us. 2018. July 7, 2020 <https://www.govtrack.us/congress/bills/115/hr5446>
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, H.R. 5446, 115th Cong. (2018).
|title=H.R. 5446 (115th)
|accessdate=July 7, 2020
|author=115th Congress (2018)
|date=April 10, 2018
|quote=To amend the Internal Revenue Code of 1986 to restrict the immediate sale of seized ...
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.