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 , United States Code, by reason of a claimed violation of section 5324 of such title.
Structure US Code
Title 26— INTERNAL REVENUE CODE
CHAPTER 1— NORMAL TAXES AND SURTAXES
Subchapter B— Computation of Taxable Income
PART III— ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME
§ 103. Interest on State and local bonds
§ 104. Compensation for injuries or sickness
§ 105. Amounts received under accident and health plans
§ 106. Contributions by employer to accident and health plans
§ 107. Rental value of parsonages
§ 108. Income from discharge of indebtedness
§ 109. Improvements by lessee on lessor’s property
§ 110. Qualified lessee construction allowances for short-term leases
§ 111. Recovery of tax benefit items
§ 112. Certain combat zone compensation of members of the Armed Forces
§ 115. Income of States, municipalities, etc.
§ 118. Contributions to the capital of a corporation
§ 119. Meals or lodging furnished for the convenience of the employer
§ 121. Exclusion of gain from sale of principal residence
§ 122. Certain reduced uniformed services retirement pay
§ 123. Amounts received under insurance contracts for certain living expenses
§ 126. Certain cost-sharing payments
§ 127. Educational assistance programs
§ 129. Dependent care assistance programs
§ 130. Certain personal injury liability assignments
§ 131. Certain foster care payments
§ 132. Certain fringe benefits
§ 134. Certain military benefits
§ 135. Income from United States savings bonds used to pay higher education tuition and fees
§ 136. Energy conservation subsidies provided by public utilities
§ 137. Adoption assistance programs
§ 139. Disaster relief payments
§ 139A. Federal subsidies for prescription drug plans
§ 139B. Benefits provided to volunteer firefighters and emergency medical responders
§ 139C. Certain disability-related first responder retirement payments
§ 139D. Indian health care benefits
§ 139E. Indian general welfare benefits
§ 139F. Certain amounts received by wrongfully incarcerated individuals
§ 139G. Assignments to Alaska Native Settlement Trusts