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.
Pub. L. 111–148, title IX, § 9007(b)(1)124 Stat. 857(Added , , .)
Statutory Notes and Related Subsidiaries
Effective Date
section 9007(f)(3) of Pub. L. 111–148section 501 of this titleSection applicable to failures occurring after , see , set out as an Effective Date of 2010 Amendment note under .