Wednesday, May 1, 2024
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Sec. 6720B Fraudulent Identification of Exempt Use Property
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Code Sections
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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.
[Aug. 17, 2006]
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