Federal · Title 26 — Internal Revenue Code
26 U.S.C. § 6720: Fraudulent acknowledgments with respect to donations of motor vehicles, boats, and airplanes
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the product of the highest rate of tax specified in section 1 and the sales price stated on the acknowledgment, or the gross proceeds from the sale of such vehicle, and the product of the highest rate of tax specified in section 1 and the claimed value of the vehicle, or $5,000.
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