
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 26USC6714]

 
                     TITLE 26--INTERNAL REVENUE CODE
 
                Subtitle F--Procedure and Administration
 
  CHAPTER 68--ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE 
                                PENALTIES
 
                   Subchapter B--Assessable Penalties
 
                       PART I--GENERAL PROVISIONS
 
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.

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

                          Codification

    Another section 6714 was renumbered section 6715 of this title.


                             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.
