Amended 2005
- 2005 Pub. L. 109-59 Pub. L. 109–59, § 11164(b)(1)(C), inserted “or reregister” after “register” in section catchline.
(a) Failure to register or reregister Every person who is required to register or reregister under section 4101 and fails to do so shall pay a penalty in addition to the tax (if any).
Amended 2005
- 2005 Pub. L. 109-59 Pub. L. 109–59, § 11164(b)(1)(A), (B), inserted “or reregister” after “register” wherever appearing.
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(b) Amount of penalty The amount of the penalty under subsection (a) shall be—
Amended 2005
- 2005 Pub. L. 109-59 Pub. L. 109–59, § 11164(b)(1)(A), (B), inserted “or reregister” after “register” wherever appearing.
(1) $10,000 for each initial failure to register or reregister, and
(2) $1,000 for each day thereafter such person fails to register or reregister.
(c) Reasonable cause exception No penalty shall be imposed under this section with respect to any failure if it is shown that such failure is due to reasonable cause.