Federal · Title 26 — Internal Revenue Code

26 U.S.C. § 6720B: Fraudulent identification of exempt use property

Civil

What this law says, in plain English

A person who falsely identifies property as exempt-use property while knowing it is not intended for that use must pay a $10,000 penalty, in addition to any criminal penalties.

Read the full statutory text

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.

Verify at the official source: Federal legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.