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26 U.S.C. § 6695B

Penalty for substantial misstatements on certification provided by supplier

United States · Title 26 — INTERNAL REVENUE CODE · Status: effective

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26 U.S.C. § 6695B, Penalty for substantial misstatements on certification provided by supplier, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/464267
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If— a person— such person knows, or reasonably should have known, that such certification is inaccurate or false with respect to— the inaccuracy or falsity described in paragraph (2) resulted in the disallowance of an applicable energy credit (as defined in section 6662(m)(2)) and an understatement of income tax (within the meaning of section 6662(d)(2)) for the taxable year in an amount which exceeds the lesser of— The amount of the penalty imposed under subsection (a) on any person with respect to a certification shall be equal to the greater of— No penalty shall be imposed under subsection (a) if the person establishes to the satisfaction of the Secretary that any inaccuracy or falsity described in subsection (a)(2) is due to a reasonable cause and not willful neglect. Any term used in this section which is also used in section 7701(a)(52) shall have the meaning given such term in such section.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.