
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC6337]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                Subtitle F--Procedure and Administration
 
                         CHAPTER 64--COLLECTION
 
        Subchapter D--Seizure of Property for Collection of Taxes
 
                              PART II--LEVY
 
Sec. 6337. Redemption of property


(a) Before sale

    Any person whose property has been levied upon shall have the right 
to pay the amount due, together with the expenses of the proceeding, if 
any, to the Secretary at any time prior to the sale thereof, and upon 
such payment the Secretary shall restore such property to him, and all 
further proceedings in connection with the levy on such property shall 
cease from the time of such payment.

(b) Redemption of real estate after sale

                             (1) Period

        The owners of any real property sold as provided in section 
    6335, their heirs, executors, or administrators, or any person 
    having any interest therein, or a lien thereon, or any person in 
    their behalf, shall be permitted to redeem the property sold, or any 
    particular tract of such property, at any time within 180 days after 
    the sale thereof.

                              (2) Price

        Such property or tract of property shall be permitted to be 
    redeemed upon payment to the purchaser, or in case he cannot be 
    found in the county in which the property to be redeemed is 
    situated, then to the Secretary, for the use of the purchaser, his 
    heirs, or assigns, the amount paid by such purchaser and interest 
    thereon at the rate of 20 percent per annum.

(c) Record

    When any lands sold are redeemed as provided in this section, the 
Secretary shall cause entry of the fact to be made upon the record 
mentioned in section 6340, and such entry shall be evidence of such 
redemption.

(Aug. 16, 1954, ch. 736, 68A Stat. 787; Pub. L. 89-719, title I, 
Sec. 104(e), Nov. 2, 1966, 80 Stat. 1137; Pub. L. 94-455, title XIX, 
Sec. 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 97-248, title 
III, Sec. 349A(a), Sept. 3, 1982, 96 Stat. 639.)


                               Amendments

    1982--Subsec. (b)(1). Pub. L. 97-248 substituted ``180 days'' for 
``120 days''.
    1976--Pub. L. 94-455 struck out ``or his delegate'' after 
``Secretary'' wherever appearing.
    1966--Subsec. (b)(1). Pub. L. 89-719 substituted ``120 days'' for 
``1 year''.


                    Effective Date of 1982 Amendment

    Section 349A(b) of Pub. L. 97-248 provided that: ``The amendment 
made by subsection (a) [amending this section] shall apply with respect 
to property sold after the date of the enactment of this Act [Sept. 3, 
1982].''


                    Effective Date of 1966 Amendment

    Amendment 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.

                  Section Referred to in Other Sections

    This section is referred to in section 6338 of this title.
