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.
(Added Pub. L. 109–280, title XII, §1215(c)(1), Aug. 17, 2006, 120 Stat. 1079.)
Sections: Previous 6715 6715A 6717 6718 6719 6720 6720A 6720B 6720C 6721 6722 6723 6724 6725 6751 Next
Last modified: October 26, 2015