I.R.C. § 6714(a) Imposition Of Penalty
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.
I.R.C. § 6714(b) Reasonable Cause Exception
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.
(Added Pub. L. 103-66, Sec. 13173, Aug. 10, 1993.)
Applicable to quid pro quo contributions made on or after January 1, 1994.
A prior 6714, also added by Pub. L. 103-66, was redesignated as Sec. 6715 by Pub. L. 104-188, Sec. 1703, effective as if included in the provision of Pub. L. 103-66 to which such amendment relates.