§ 6324B Special lien for additional estate tax attributable to farm, etc., valuation
(a) General rule
In the case of any interest in qualified real property (within the meaning of section ), an amount equal to the adjusted tax difference attributable to such interest (within the meaning of section ) shall be a lien in favor of the United States on the property in which such interest exists.
(b) Period of lien
The lien imposed by this section shall arise at the time an election is filed under section and shall continue with respect to any interest in the qualified real property—
(1) until the liability for tax under subsection (c) of section with respect to such interest has been satisfied or has become unenforceable by reason of lapse of time, or
(2) until it is established to the satisfaction of the Secretary that no further tax liability may arise under section with respect to such interest.
(c) Certain rules and definitions made applicable
(1) In general
The rule set forth in paragraphs (1), (3), and (4) of section shall apply with respect to the lien imposed by this section as if it were a lien imposed by section .
(2) Qualified real property
For purposes of this section, the term “qualified real property” includes qualified replacement property (within the meaning of section ) and qualified exchange property (within the meaning of section ).
(d) Substitution of security for lien
To the extent provided in regulations prescribed by the Secretary, the furnishing of security may be substituted for the lien imposed by this section.
(Added Pub. L. 94–455, title XX, § 2003(b), Oct. 4, 1976, 90 Stat. 1861; amended Pub. L. 95–600, title VII, § 702(r)(4), Nov. 6, 1978, 92 Stat. 2939; Pub. L. 96–222, title I, § 108(d), Apr. 1, 1980, 94 Stat. 228; Pub. L. 97–34, title IV, § 421(d)(2)(B), Aug. 13, 1981, 95 Stat. 309.)
Operative text only. Editorial notes, amendment history, and effective dates: official OLRC text of § 6324B