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Sec. 6683. Failure Of Foreign Corporation To File Return Of Personal Holding Company Tax [Repealed]

Editor's Note: Pub. L. 109-135, Sec. 403(n)(3)(A), repealed Sec. 6683, effective as if included in the provisions of the American Jobs Creation Act of 2004 (Pub. L. 108-357, Sec. 413)
Any foreign corporation which—
I.R.C. § 6683(1)
is a personal holding company for any taxable year, and
I.R.C. § 6683(2)
fails to file or to cause to be filed with the Secretary a true and accurate return of the tax imposed by section 541,
shall, in addition to other penalties provided by law, pay a penalty equal to 10 percent of the taxes imposed by chapter 1 (including the tax imposed by section 541) on such foreign corporation for such taxable year. No penalty shall be imposed under this section on any failure which is shown to be due to reasonable cause and not willful neglect.
(Added by Pub. L. 89-809, title I, 104(h)(4)(A), Nov. 13, 1966, 80 Stat. 1560, and amended Pub. L. 94-455, title XIX, 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834; Pub. L. 105-34, title XII, Sec. 1291(c), Aug. 5, 1997, 111 Stat 788; repealed by Pub. L. 109-135, title IV, Sec. 403(n)(3)(A), Dec. 21, 2005, 119 Stat. 2577.)
BACKGROUND NOTES
AMENDMENTS
2005Pub. L. 109-135, Sec. 403(n)(3)(A), repealed Sec. 6683.
1997--Pub. L. 105-34, Sec. 1281(c), added a sentence at the end.
1976--Pub. L. 94-455 struck out “or his delegate” after “Secretary”.
EFFECTIVE DATE OF 2005 REPEAL
Repeal by Sec. 403(n)(3)(A) of Pub. L. 109-135 applicable as if included in the provisions of the American Jobs Creation Act of 2004 [Pub. L. 108-357, Sec. 413] to which it relates.
EFFECTIVE DATE OF 1997 AMENDMENTS
Amendment by Sec. 1281(c) of Pub. L. 105-34 applicable to taxable years beginning after the date of the enactment of this Act [enacted: Aug. 5, 1997].
EFFECTIVE DATE
Section applicable with respect to taxable years beginning after Dec. 31, 1966, see section 104(n) of Pub. L. 89-809, set out as an Effective Date of 1966 Amendment note under section 11 of this title.