26 U.S.C. § 6714
§ 6714. Failure to meet disclosure requirements applicable to quid pro quo contributions
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 1993 by the Omnibus Budget Reconciliation Act of 1993. Last changed August 10, 1993 by the Omnibus Budget Reconciliation Act of 1993.
Every change, newest first (1)
- August 10, 1993Omnibus Budget Reconciliation Act of 1993 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
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.
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.