§6336 — Title 26 Internal Revenue Code | U.S. Code

Summary

If the Secretary finds seized property will spoil, he must appraise its value and tell the owner if the owner can be found easily. The notice will say how long the owner has to act. The owner can get the property back by paying the appraised amount within the time given, or by giving a bond in the form, with the sureties, and for the amount the Secretary requires, promising to pay when the Secretary sets. If the owner does not pay or give the bond, the Secretary will sell the property to the public as soon as possible under rules the Secretary makes.

Title 26, §6336

Internal Revenue Code — Source: USLM XML via OLRC

If the Secretary determines that any property seized is liable to perish, he shall appraise the value of such property and— (1)

(2)If the owner does not pay such amount or furnish such bond in accordance with this section, the Secretary shall as soon as practicable make public sale of the property in accordance with such regulations as may be prescribed by the Secretary.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2019—Pub. L. 116–25 struck out “or become greatly reduced in price or value by keeping, or that such property cannot be kept without great expense” after “to perish” in introductory provisions. 1976—Pub. L. 94–455 struck out “or his delegate” after “Secretary” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date

of 2019 Amendment Pub. L. 116–25, title I, § 1404(b),

July 1, 2019, 133 Stat. 997, provided that: “The amendment made by this section [amending this section] shall apply to property seized after the date of the enactment of this Act [

July 1, 2019].”

§6336 Sale of Perishable Goods