Title 26, Internal Revenue CodeRelease 119-110

§7505 Sale of Personal Property Acquired by the United States

Title 26 › Subtitle F — Procedure and Administration › CHAPTER 77 — MISCELLANEOUS PROVISIONS › § 7505

Last updated Sep 22, 2026|Official source

Summary

The Secretary can sell personal property the government got to pay or secure tax debts, following rules the Secretary sets. Money from the sale must go into the Treasury as tax revenue, and a separate record must show all costs of the sale.

Full Legal Text

Title 26, §7505

Internal Revenue Code, Source: USLM XML via OLRC

(a)Sale

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)Accounting

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

Sep 22, 2026

Release point: 119-110