§4959 — Taxes on failures by hospital organizations
Statute Text — 26 U.S.C. §4959
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.
Treasury Regulations
- Treas. Reg. §Treas. Reg. §53.4959-1 Taxes on failures by hospital organizations to meet section 501(r)(3)
- Treas. Reg. §Treas. Reg. §53.4959-1(a) Excise tax for failure to meet the section 501(r)(3) requirements—(1) In general.
- Treas. Reg. §Treas. Reg. §53.4959-1(b) Interaction with other provisions—(1) Correction.
- Treas. Reg. §Treas. Reg. §53.4959-1(c) Effective/applicability date.
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