Title 26 — Internal Revenue CodeRelease 119-73
§7505 Sale of personal property acquired by the United States
Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 77— - MISCELLANEOUS PROVISIONS › § 7505
Summary
The Secretary may sell personal property the U.S. gets for tax debts under rules the Secretary makes; proceeds go to the Treasury as tax collections, with a record of sale costs.
Full Legal Text
Title 26, §7505
Internal Revenue Code — Source: USLM XML via OLRC
(a)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.
(b)In case of the resale of such property, the proceeds of the sale shall be paid into the Treasury as internal revenue collections, and there shall be rendered a distinct account of all charges incurred in such sales.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1976—Subsec. (a). Pub. L. 94–455 struck out “or his delegate” after “Secretary” wherever appearing. 1966—Pub. L. 89–719 substituted “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.
Statutory Notes and Related Subsidiaries
Effective Date
of 1966 AmendmentAmendment by Pub. L. 89–719 applicable after Nov. 2, 1966, regardless of when title or lien of United States arose or when lien or interest of another person was acquired, with certain exceptions, see section 114(a)–(c) of Pub. L. 89–719, set out as a note under section 6323 of this title.
Reference
Citations & Metadata
Citation
26 U.S.C. § 7505
Title 26 — Internal Revenue Code
Last Updated
Apr 6, 2026
Release point: 119-73