Interest received in action to recover property seized by the Internal Revenue Service based on structuring transaction
About This Law
/us/usc/t26/s139H
Title
26 — Internal Revenue Code
Chapter
STA/CH1
Release
119-84
Release Date
2026-04-17
Section Text
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Gross income shall not include any interest received from the Federal Government in connection with an action to recover property seized by the Internal Revenue Service pursuant to section 5317(c)(2) of title 31, United States Code, by reason of a claimed violation of section 5324 of such title.
(Added Pub. L. 116–25, title I, § 1202(a), July 1, 2019, 133 Stat. 987.)
Statutory Notes and Related Subsidiaries
Effective DatePub. L. 116–25, title I, § 1202(c), July 1, 2019, 133 Stat. 988, provided that: “The amendments made by this section [enacting this section] shall apply to interest received on or after the date of the enactment of this Act [July 1, 2019].”
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