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.
(Added by Pub. L. 109-280, title XII, Sec. 1215(c)(1), Aug. 17, 2006.)
Background Notes
EFFECTIVE DATE
Effective for identifications made after the date of the enactment of this Act [Enacted:
Aug. 17, 2006].
