26 U.S.C. § 6653 - Failure to pay stamp tax

• Cite as: 26 U.S.C. § 6653
• Currency: Current through P.L. 116-135 (03/26/2020)

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Any person (as defined in section 6671(b)) who-

(1) willfully fails to pay any tax imposed by this title which is payable by stamp, coupons, tickets, books, or other devices or methods prescribed by this title or by regulations under the authority of this title, or

(2) willfully attempts in any manner to evade or defeat any such tax or the payment thereof,

shall, in addition to other penalties provided by law, be liable for a penalty of 50 percent of the total amount of the underpayment of the tax.

Cite as 26 U.S.C. § 6653

Source: Aug. 16, 1954, ch. 736, 68A Stat. 822; Pub. L. 85-866, title I, §86, Sept. 2, 1958, 72 Stat. 1665; Pub. L. 91-172, title I, §101(j)(50), title IX, §943(c)(6), Dec. 30, 1969, 83 Stat. 531, 729; Pub. L. 91-679, §2, Jan. 12, 1971, 84 Stat. 2063; Pub. L. 93-406, title II, §1016(a)(18), Sept. 2, 1974, 88 Stat. 931; Pub. L. 96-223, title I, §101(f)(8), Apr. 2, 1980, 94 Stat. 253; Pub. L. 97-34, title V, §501(b), title VII, §722(b)(1), Aug. 13, 1981, 95 Stat. 326, 342; Pub. L. 97-248, title III, §325(a), Sept. 3, 1982, 96 Stat. 616; Pub. L. 97-448, title I, §§105(a)(1)(D), 107(a)(3), Jan. 12, 1983, 96 Stat. 2384, 2391; Pub. L. 98-67, title I, §106, Aug. 5, 1983, 97 Stat. 382; Pub. L. 98-369, div. A, title I, §179(b)(3), July 18, 1984, 98 Stat. 718; Pub. L. 99-44, §1(b), May 24, 1985, 99 Stat. 77; Pub. L. 99-514, title XV, §1503(a), (b), (c) (2), (3), (d)(1), Oct. 22, 1986, 100 Stat. 2742, 2743; Pub. L. 100-647, title I, §1015(b)(2)(A), (B), (3), Nov. 10, 1988, 102 Stat. 3569; Pub. L. 101-239, title VII, §7721(c)(1), Dec. 19, 1989, 103 Stat. 2399.

Notes from the Office of Law Revision Counsel

current through 2/28/2018

AMENDMENTS

1989- Pub. L. 101-239 substituted "Failure to pay stamp tax" for "Additions to tax for negligence and fraud" in section catchline and amended text generally, substituting a single par. for former subsecs. (a) to (g).

1988-Subsec. (a)(1). Pub. L. 100-647, §1015(b)(2)(A), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "If any part of any underpayment (as defined in subsection (c)) is due to negligence or disregard of rules or regulations, there shall be added to the tax an amount equal to the sum of-

"(A) 5 percent of the underpayment, and

"(B) an amount equal to 50 percent of the interest payable under section 6601 with respect to the portion of such underpayment which is attributable to negligence for the period beginning on the last date prescribed by law for payment of such underpayment (determined without regard to any extension) and ending on the date of the assessment of the tax (or, if earlier, the date of the payment of the tax)."