Section 4959: Taxes on failures by hospital organizations
Internal Revenue Code
§4959. Taxes on failures by hospital organizations
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.
Statutory Notes and Related Subsidiaries
Section applicable to failures occurring after Mar. 23, 2010, see section 9007(f)(3) of