Page:United States Statutes at Large Volume 80 Part 1.djvu/1173

 80 STAT. ]

PUBLIC LAW 89-719-NOV. 2, 1966

1137

who pays a liability under subsection (c)(1)) shall be discharged from any obligation or liability to the delinquent taxpayer with respect to such property or rights to property arising from such surrender or payment. In the case of a levy which is satisfied pursuant to subsection (b), such organization shall also be discharged from any obligation or liability to any beneficiary arising from such surrender or payment." (c) PROPERTY EXEMPT FROM LEVY.—Section 6334(a) (relating to 7 2^|^f*io4?^'*' enumeration of property exempt from levy) is amended— 79 stat! 170.' (1) by striking out "or Territory" in paragraph (4); and 26 USC 6334. (2) by adding at the end thereof the following new paragraphs: "(6)

CERTAIN ANNUITY AND PENSION PAYMENTS.—Annuity or

pension payments under the Railroad Retirement Act, benefits ^Q^^*^^ ^307°^^' under the Railroad Unemployment Insurance Act, special pension 45 USC 228apayments received by a person whose name has been entered on 228S-2. the Army, Navy, Air Force, and Coast Guard Medal of Honor 45 USC" 367. ' roll (38 U.S.C. 562), and annuities based on retired or retainer 72 Stat. ii4o 70A Stat. 108. pay under chapter 73 of title 10 of the United States Code. 10 USC 1431. "(7) WORKMEN'S COMPENSATION.—Any amount payable to an individual as workmen's compensation (including any portion thereof payable with respect to dependents) under a workmen's "compensation law of the United States, any State, the District of Columbia, or the Commonwealth of Puerto Rico." (d) PUBLICATION OF NOTICE or SALE.—The first sentence of section 6e335 (b) (relating to notice of sale of seized property) is amended to read as follows: "The Secretary or his delegate shall as soon as practicable after the seizure of the property give notice to the owner, in the manner prescribed in subsection (a), and shall cause a notification to be published in some newspaper published or generally circulated within the county wherein such seizure is made, or if there be no newspaper published or generally circulated in such county, shall post such notice at the post office nearest the place where the seizure is made, and in not less than two other public places." (e) REDEMPTION PERIOD.—Paragraph (1) of section 6337(b) (relating to period of redemption of real estate after sale) is amended by striking out "1 year" and inserting in lieu thereof "120 days". (f) PREPARATION OF DEED.—Section 6338(c) (relating to real property purchased by United States) is amended to read as follows: " (c) REAL PROPERTY PURCHASED BY UNITED STATES.—If real property is declared purchased by the United States at a sale pursuant to section 6335, the Secretary or his delegate shall at the proper time execute a deed therefor, and without delay cause such deed to be duly recorded in the proper registry of deeds." (g) DISCHARGE OF JUNIOR ENCUMBRANCES.—Section 6339 (relating to legal effect of certificate of sale of personal property and deed of real property) is amended by adding at the end thereof the following new subsections: "(c) EFFECT OF JUNIOR ENCUMBRANCES.—A certificate of sale of personal property given or a deed to real property executed pursuant to section 6338 shall discharge such property from all liens, encumbrances, and titles over which the lien of the United States with respect to which the levy was made had priority. "(d)

CROSS REFERENCES.—

"(1) For distribution of surplus proceeds, see section 6342(b). "(2) For judicial procedure with respect to surplus proceeds, see section 7426(a)(2)." (h) APPLICATION OF PROCEEDS OF LEVY AND SALE.—Subsection (a)

of section 6342 (relating to collection of liability) is amended—

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