RELEASE OF LIEN OR PARTIAL DISCHARGE OF PROPERTY.

SEC. 77. RELEASE OF LIEN OR PARTIAL DISCHARGE OF PROPERTY. Section 6325 (relating to release of lien or partial discharge of property) is amended— (1) by striking out paragraph (1) of subsection (a) and inserting in lieu thereof the following: “(1) Liability satisfied or unenforceable.—The Secretary or his delegate finds that the liability for the amount assessed, together with all interest in respect thereof, has been fully satisfied or has become legally unenforceable; or”. (2) by redesignating subsections (c) and (d) as subsections (d) and (e), respectively, and by inserting after subsection (b) the following new subsection: “(c) Estate or Gift Tax.—Subject to such rules or regulations as the Secretary or his delegate may prescribe, the Secretary or his delegate may issue a certificate of discharge of any or all of the property subject to any lien imposed by section 6324 if the Secretary or his delegate finds that the liability secured by such lien has been fully satisfied or provided for.” (3) by striking out the word “partial” where it appears in the heading and text of subsection (d) (as redesignated by paragraph (2)).