Us Code § 1301 - Charge of property transferred to the Federal Government
Full text of Us Code United States Code § 1301 — Charge of property transferred to the Federal Government, with citation guidance and answers to common questions.
§ 1301. Charge of property transferred to the Federal Government
(a)
(1) all land and other property which has been or may be assigned, set off, or conveyed to the Federal Government in payment of debts;
(2) all trusts created for the use of the Government in payment of debts due the Government; and
(3) the sale and disposal of land—
(A) assigned or set off to the Government in payment of debt; or
(B) vested in the Government by mortgage or other security for the payment of debts.
(b)
(1) real estate which has been or shall be assigned, set off, or conveyed to the Government in payment of debts arising under the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.); or
(2) trusts created for the use of the Government in payment of debts arising under the Code and due the Government.
(Pub. L. 107–217, Aug. 21, 2002, 116 Stat. 1131.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 1301 | 40:301. | R.S. §3750; Pub. L. 89–30, §2, June 2, 1965, 79 Stat. 119. |
In subsection (a), the words "Except as provided in subsection (b)" are added for clarity.
In subsection (b)(1), the words "the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.)" are substituted for "the internal-revenue laws" for clarity and for consistency in the revised title and with other titles of the United States Code.
Editorial Notes
References in Text
The Internal Revenue Code of 1986, referred to in subsec. (b)(1), is classified to Title 26, Internal Revenue Code.
About This Section
40 U.S.C. § 1301 is part of Title 40 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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