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Sec. 4959 Taxes on failures by hospital organizations

  • Internal Revenue Code of 1986
  • SUBTITLE D -- MISCELLANEOUS EXCISE TAXES
  • Chapter 42 -- Private Foundations and Certain Other Tax-exempt Organizations
  • Subchapter D -- Failure by Certain Charitable Organizations to Meet Certain Qualification Requirements

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.

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