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Sec. 6720B. Fraudulent Identification Of Exempt Use Property

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 for identifications made after the date of the enactment of this Act [Enacted: Aug. 17, 2006].