26 U.S.C. § 4959 — Taxes on failures by hospital organizations
submitted 16 years ago by Pub. L. 111-148 to r/title-26-INTERNAL-REVENUE-CODE · 32 words · no verdicts yet
A hospital organization covered by section 501(r) owes a $50,000 tax for each taxable year in which it fails to meet section 501(r)(3).
If a hospital organization covered by section 501(r) fails to meet section 501(r)(3) for a taxable year*, the organization owes a $50,000 tax.
If a hospital organization to which section 501(r) applies fails to meet the requirement of section 501(r)(3) for any taxable year*, there is imposed on the organization a tax equal to $50,000.
Source credit: (Added Pub. L. 111–148, title IX, § 9007(b)(1), Mar. 23, 2010, 124 Stat. 857.)
- 2010Enacted · Pub. L. 111-148 · 124 Stat. 857
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-148 on 2010-03-23.
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