In addition to any criminal penalty provided by law, any person who identifies applicable property (as defined in section
170(e)(7)(C)) as having a use which is related to a purpose or function constituting the basis for the donee’s exemption under section
501 and who knows that such property is not intended for such a use shall pay a penalty of $10,000.
Section 1215(c)(1) ofPub. L. 109–280, which directed the addition of section
6720B at the end of part I of subchapter B of chapter 68, without specifying the act to be amended, was executed by adding section
6720B at the end of part
I of subchapter
B of chapter
68 of this title, which consists of the Internal Revenue Code of 1986, to reflect the probable intent of Congress.
Pub. L. 109–280, title XII, § 1215(d)(3),Aug. 17, 2006, 120 Stat. 1079, provided that: “The amendments made by subsection (c) [enacting this section] shall apply to identifications made after the date of the enactment of this Act [Aug. 17, 2006].”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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