Home/U.S. Code/Title 26/Ch. 42/§ 4959
FEDERAL · 26 U.S.C. · Chapter 42

Taxes on failures by hospital organizations

Current through Pub. L. 119-102
Title 26 — Internal Revenue Code·Ch. 42 — PRIVATE FOUNDATIONS; AND CERTAIN OTHER TAX-EXEMPT ORGANIZATIONS·Subch. D
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.

Free access — add to your briefcase to read the full text and ask questions with AI

26 U.S.C. § 4959 (Taxes on failures by hospital organizations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

§ 501
26 U.S.C. § 501

Source Credit

History

(Added Pub. L. 111–148, title IX, §9007(b)(1), Mar. 23, 2010, 124 Stat. 857.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Effective Date
Section applicable to failures occurring after Mar. 23, 2010, see section 9007(f)(3) of Pub. L. 111–148, set out as an Effective Date of 2010 Amendment note under section 501 of this title.