81 STAT.]
PUBLIC LAW 90-59-JULY 31, 1967
was made is obtained, and such certificate was filed in accordance with the requirements prescribed by the Secretary or his delegate, or "(iii) a validation certificate was obtained by the acquiring person after such acquisition and before the date prescribed by section 6076(a) for the filing of the return, nor shall any such acquisition be required to be listed in any return made under this paragraph. " (B) Every person who incurs liability for the tax imposed by section 4911 shall, if he disposes of the stock or debt obligation with respect to which such liability was incurred prior to the filing of the return required by subparagraph (A), make a return of such tax." (c) T I M E FOR FILING RETURNS.—The text of section 6076 is amended to read as follows: " (a) Each return made under section 6011(d)(1)(A) shall be filed on or before the last day of the first month following the period for which it is made. " (b) Each return made under section 6011(d)(1)(B) shall be filed on or before the date of disposition of the stock or debt obligation with respect to which such return is made." (d)
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^"'e, p. 145.
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PENALTIES FOR FALSE STATEMENTS, E T C. —
(1) Section 6681 is amended by striking out subsections (a) and (b) and inserting in lieu thereof the following: "(a)
155
^^ Stat. 845.
FALSE STATEMENT OF UNITED STATES PERSON STATUS.—In ad-
dition to the criminal penalty imposed by section 7241, any person who, for purposes of section 4918(e), knowingly executes a statement as to his status as a United States person and ownership of stock and debt obligations which contains a misstatement of material fact shall be liable to a penalty equal to 125 jjercent of the amount of the tax imposed by section 4911 on the acquisition of any stock or debt obligation which, but for the provisions of section 4918, would be payable by the person acquiring such stock or debt obligation. "(b) LIABILITY OF PARTICIPATING FIRMS AND PARTICIPATING CUSTODIANS.— "(1) CONFIRMATIONS AND COMPARISONS.—A participating firm
described in section 4918(c) shall be liable to a penalty equal to 125 percent of the amount of tax imposed by section 4911 on the acquisition of stock or a debt obligation which, but for the provisions of section 4918, would be payable by the person acquiring the stock or debt obligation, if such participating firm knowingly— " (A) furnishes an l E T clean confirmation referred to in section 4918(b) other than in accordance with the provisions of section 4918(d), " (B^ furnishes a written comparison or broker-dealer confirmation other than in accordance with the provisions of section 4918(e), or " (C) violates the rules of an exchange or association referred to in section 4918(d)(2) and as a result thereof an l E T clean confirmation referred to in section 4918(b) is issued under section 4918(d)(2) by another participating firm. " (2) TRANSFER OF CUSTODY CERTIFICATES.—A participating firm or participating custodian (described in section 4918(f)) shall be liable to a penalty equal to 125 percent of the amount of tax imposed by section 4911 on the acquisition of stock or a debt obligation which, but for the provisions of section 4918, would be pay-
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