26 U.S.C. § 6695B: Penalty for substantial misstatements on certification provided by supplier

provides a certification described in clause (iii)(II)(bb) of section 7701(a)(52)(D) with respect to any manufactured product, eligible component, or constituent element, material, or subcomponent of an eligible component, and knows, or reasonably should have known, that the certification would be used in connection with a determination under such section, whether such property was produced or manufactured by a prohibited foreign entity, or the total direct costs or total direct material costs of such property that was not produced or manufactured by a prohibited foreign entity that were provided on such certification, and 5 percent of the tax required to be shown on the return for the taxable year, or $100,000, 10 percent of the amount of the underpayment (as defined in section 6664(a)) solely attributable to the inaccuracy or falsity described in subsection (a)(2), or $5,000. No penalty shall be imposed under subsection (a) if the person establishes to the satisfaction of the Secretary that any inaccuracy or falsity described in subsection (a)(2) is due to a reasonable cause and not willful neglect. Any term used in this section which is also used in section 7701(a)(52) shall have the meaning given such term in such section.