General rule
Qualified first tier tax
For purposes of this section, the term “qualified first tier tax” means any first tier tax imposed by subchapter A, C, D, or G of this chapter, except that such term shall not include the tax imposed by section 4941(a) (relating to initial tax on self-dealing).
Special rule for tax on political expenditures of section 501(c)(3) organizations
In the case of the tax imposed by section 4955(a), subsection (a)(1) shall be applied by substituting “not willful and flagrant” for “due to reasonable cause and not to willful neglect”.
Pub. L. 98–369, div. A, title III, § 305(a)98 Stat. 783Pub. L. 100–203, title X, § 10712(b)(1)101 Stat. 1330–467Pub. L. 105–34, title XVI, § 1603(a)111 Stat. 1096Pub. L. 110–172, § 3(h)121 Stat. 2475(Added , , ; amended , (2), (4), , ; , , ; , , .)
Editorial Notes
Prior Provisions
section 4963 of this titleA prior section 4962 was renumbered .
Amendments
Pub. L. 110–1722007—Subsec. (b). substituted “D, or G” for “or D”.
Pub. L. 105–341997—Subsec. (b). substituted “subchapter A, C, or D” for “subchapter A or C”.
Pub. L. 100–203, § 10712(b)(4)1987—, struck out “private foundation” before “first tier taxes” in section catchline.
Pub. L. 100–203, § 10712(b)(2)Subsec. (a). , substituted “any qualified first tier tax” for “any private foundation first tier tax” in closing provisions.
Pub. L. 100–203, § 10712(b)(1)Subsec. (b). , added subsec. (b) and struck out former subsec. (b) “Private foundation first tier tax” which read as follows: “For purposes of this section, the term ‘private foundation first tier tax’ means any first tier tax imposed by subchapter A of chapter 42, except that such term shall not include the tax imposed by section 4941(a) (relating to initial tax on self-dealing).”
Pub. L. 100–203, § 10712(b)(1)Subsec. (c). , added subsec. (c).
Statutory Notes and Related Subsidiaries
Effective Date of 2007 Amendment
Pub. L. 110–172Pub. L. 109–280section 3(j) of Pub. L. 110–172section 170 of this titleAmendment by effective as if included in the provisions of the Pension Protection Act of 2006, , to which such amendment relates, see , set out as a note under .
Effective Date of 1997 Amendment
Pub. L. 105–34, title XVI, § 1603(c)111 Stat. 1097
Effective Date of 1987 Amendment
Pub. L. 100–203section 10712(d) of Pub. L. 100–203section 4955 of this titleAmendment by applicable to taxable years beginning after , see , set out as an Effective Date note under .
Effective Date
Pub. L. 98–369, div. A, title III, § 305(c)98 Stat. 784