§ 6720B Fraudulent identification of exempt use property

OLRC 119-134 · eCFR 2026-10-19

Enacted 2006 · Pub. L. 109-280 Amended · 0 Acts

2006
Connections Cited by 0 · Cites 2

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.