78TH CONG., 2D SESS. -CH. 63-FEB. 25, 1944 "(f) Every organization, except as hereinafter provided, exempt from taxation under section 101 shall file an annual return, which shall contain or be verified by a written declaration that it is made under the penalties of perjury, stating specifically the items of gross income, receipts, and disbursements, and such other information for the purpose of carrying out the provisions of this chapter as the Commissioner, with the approval of the Secretary, may by regulations prescribe, and shall keep such records, render under oath such state- ments, make such other returns, and comply with such rules and regu- lations as the Commissioner, with the approval of the Secretary, may from time to time prescribe. No such annual return need be filed under this subsection by any organization exempt from taxation under the provisions of section 101- "(1) which is a religious organization exempt under section 101 (6); or "(2) which is an educational organization exempt under section 101 (6), if such organization normally maintains a regular faculty and curriculum and normally has a regularly organized body of pupils or students in attendance at the place where its educational activities are regularly carried on; or "(3) which is a charitable organization, or an organization for the prevention of cruelty to children or animals, exempt under section 101 (6), if such organization is supported, in whole or in part, by funds contributed by the United States or any State or political subdivision thereof, or is primarily supported by contributions of the general public; or "(4) which is an organization exempt under section 101 (6), if such organization is operated, supervised, or controlled by or in connection with a religious organization described in paragraph (1); or "(5) which is an organization exempt solely under section 101 (3); or- "(6) which is an organization exempt under section 101 (15), if such organization is a corporation wholly owned by the United States or any agency or instrumentality thereof, or a wholly owned subsidiary of such a corporation." (b) YEARS TO WHICH APPLICABLE.- The amendments made by sub- section (a) shall be applicable with respect to taxable years beginning after December 31, 1942. SEC. 118. PENALTIES IN CONNECTION WITH ESTIMATED TAX. (a) IN GENERAL. - Section 294 (relating to additions to the tax) is amended by striking out paragraphs (3) (4), and (5) of subsection (a) and inserting at the end thereof the following: "(d) ESTIMATED TAX. - "(1) FAILURE TO FILE DECLARATION OR PAY INSTALLMENT OF ESTIMATED TAX. - " (A) Failure to File Declaration.-In the case of a failure to make and file a declaration of estimated tax within the time prescribed, unless such failure is shown to the satisfaction of the Commissioner to be due to reasonable cause and not to willful neglect, there shall be added to the tax 5 per centum of each installment due but unpaid, and in addition, with respect to each such installment due but unpaid, 1 per centum of the unpaid amount thereof for each month (except the first) or fraction thereof during which such amount remains unpaid. In no event shall the aggregate addition to the tax under this 53 Stat. 33 . 26U.S.0.§101; Supp. III, 101 . Organizations not required to file re- turns. 63 Stat. 33. 26U.S.C. 101(6). 63 Stat. 33. 26U.S. C. 101 (3). 63 Stat. 34. 26U.. . I101(16). 63 Stat. 88; 67 Stat. 144. 26U.S.0.i294; Supp. III, i 294. Post, p. 244. 58 STAT.] 37
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