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

CHAPTER 68— ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIES › Subchapter B— Assessable Penalties

(a) 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) 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.

Notes

Editorial Notes

Codification

Another section 6714 was renumbered section 6715 of this title.

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable to quid pro quo contributions made on or after Jan. 1, 1994, see section 13173(d) of Pub. L. 103–66, set out as a note under section 6115 of this title.