522
PUBLIC LAW 91-172-DEC. 30, 1969
Post, p. 523.
££^2) A copy of the notice required by section 6104(d) (relating to public inspection of private foundations' annual reports), together with proof of publication thereof, shall be filed by the foundation managers together with the annual report. "(3) The foundation managers shall furnish copies of the annual report required b j this section to such State officials and other persons, at such times and under such conditions, as the Secretary or his delegate may by regulations prescribe." (4)
79^stat*^385°^^' 26 USC 6652.
PENALTY
FOR
LATE
FILING
OF
CERTAIN INFORMATION
RETURNS.—Section 6652 (relating to failure to file certain information retums) is amended by relettering subsection (d) as subsection (e) and inserting immediately after subsection (c) the following new subsection: •'(d) RETURNS BY EXEMPT ORGANIZATIONS AND TRUSTS.— "(1) PENALTY ON ORGANIZATION OR TRUST.—In
Ante,
p. 519.
Post, p. 529.
Ante,
p. 521-
[83 STAT.
BY
CERTAIN
the case of a failure to file a return required under section 6033 (relating to returns by exempt organizations), section 6034 (relating to returns \yj certain trusts), or section 6043(b) (relating to exempt organizations), on the date and in the manner prescribed therefor (determined with regard to any extension of time for filing), unless it is shown that such failure is due to reasonable cause there shall be paid (on notice and demand by the Secretary or his delegate and in the same manner as tax) by the exempt organization or trust failing so to file, $10 for each day during which such failure continues, but the total amount imposed hereunder on any organization for failure to file any return shall not exceed $5,000. "(2) MANAGERS.—The Secretary or his delegate may make written demand upon an organization failing to file under paragraph (1) specifying therein a reasonable future date by which such filing shall be made, and if such filing is not made on or before such date, and unless it is shown that failure so to file is due to reasonable cause, there shall be paid (on notice and demand by the Secretary or his delegate and in the same manner as tax) by the person failing so to file, $10 for each day after the expiration of the time specified in the written demand during which such failure continues, but the total amount imposed hereunder on all persons for such failure to file shall not exceed $5,000. If more than one person is liable under this paragraph for a failure to file, all such persons shall be jointly and severally liable with respect to such failure. The term 'person' as used herein means any officer, director, trustee, employee, member, or other individual who is under a duty to perform the act in respect of which the violation occurs. " (3) A N N U A L REPORTS.—In the case of a failure to file a report required under section 6056 (relating to annual reports by private foundations) or to comply with the requirements of section 6104 (d) (relating to public inspection of private foundations' annual reports), on the date and in the manner prescribed therefor (determined with regard to any extension of time for filing), unless it is shown that such failure is due to reasonable cause, there shall be paid (on notice and demand by the Secretary or his delegate and in the same manner as tax) by the person failing so to file or meet the publicity requirement, $10 for each day during which such failure continues, but the total amount imposed hereunder on all such persons for such failure to file or comply with the requirements of section 6104(d) with regard to any one annual report shall not exceed $5,000. I f more than one person is liable under
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