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 77— MISCELLANEOUS PROVISIONS › § 7505

Last updated Apr 6, 2026|Official source

Summary

Personal property the United States acquires as payment for or security on tax debts may be sold under government regulations. Money from such resales goes into the Treasury as tax collections, with a separate accounting of all costs of the sales.

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