§ 6714. Failure to meet disclosure requirements applicable to quid pro quo contributions

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1993

   Revenue Reconciliation Act of 1993

   Pub. L. 103–66 title XIII § 13173(b) · 107 Stat. 312

   Enacted · 26 U.S.C. § 6714

   (Added Pub. L. 103–66, title XIII, § 13173(b), Aug. 10, 1993, 107 Stat. 456.)

   Source evidence

   Code source credit
   (Added Pub. L. 103–66, title XIII, § 13173(b), Aug. 10, 1993, 107 Stat. 456.)

   Enacted provision · exact public law section
   (b) Penalty for Failure To Disclose.— Part I of subchapter B of chapter 68 (relating to assessable penalties) is amended by inserting after section 6713 the following new section: “SEC. 6714. FAILURE TO MEET DISCLOSURE REQUIREMENTS APPLICABLE TO QUID PRO QUO CONTRIBUTIONS. “(a) Imposition of Penalty.— If an organization fails to meet the disclosure requirement of section 6115 with respect to a quid pro quo contribution, such organization shall pay a penalty of $10 for each contribution in respect of which the organization fails to make the required disclosure, except that the total penalty imposed by this subsection with respect to a particular fundraising event or mailing shall not exceed $5,000. “(b) 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.

1 of 1 references resolved to an enrolled provision