Page:United States Statutes at Large Volume 94 Part 1.djvu/302

 94 STAT. 252

PUBLIC LAW 96-223—APR. 2, 1980 "Sec. 6050C. Information regarding windfall profit tax on domestic crude oil." (e) CRIMINAL PENALTY FOR FAILURE TO FURNISH CERTAIN INFORMATION.—

26 USC 7241. Ante, p. 251.

(1) IN GENERAL.—Part II of subchapter A of chapter 75 (relating to penalties applicable to certain taxes) is amended by adding at the end thereof the following new section: "SEC. 7241. WILLFUL FAILURE TO FURNISH CERTAIN INFORMATION REGARDING WINDFALL PROFIT TAX ON DOMESTIC CRUDE OIL. "Any person who is required under section 6050C (or regulations thereunder) to furnish any information or certification to any other person and who willfully fails to furnish such information or certification at the time or times required by law or regulations, shall, in addition to other penalties provided by law, be guilty of a misdemeanor and upon conviction thereof, shall be fined not more than $10,000, or imprisoned not more than 1 year, or both, together with the costs of prosecution." (2) CLERICAL AMENDMENT.—The table of sections for such part II is amended by adding at the end thereof the following new item: "Sec. 7241. Willful failure to furnish certain information regarding windfall profit tax on domestic crude oil." (f) DEFICIENCY PROCEDURES.—

26 USC 6211. 26 USC 6212. 26 USC 6213. 26 USC 6214. 26 USC 6161. 26 USC 6344. 26 USC 7422. 26 USC 6211.

Ante, p. 244. Ante, p. 247.

Ante, p. 230. 26 USC 6212.

(1) The following provisions are each amended by striking out "or 44" each place it appears and inserting in lieu thereof "44, or 45": (A) section 6211(a), (B) section 6211(b)(2), (C) section 6212(a), (D) section 6213(a), (E) section 6213(0, (F) section 6214(c), (G) section 6214(d), (H) section 6161(b)(1), (I) section 6844(a)(l), and (J) section 7422(e). (2) Subsection (a) of section 6211 is amended by striking out "and 44" and inserting in lieu thereof "44, and 45". (3) Subsection (b) of section 6211 is amended by adding at the end thereof the following new paragraphs: "(5) The amount withheld under section 4995(a) from amounts payable to any producer for crude oil removed during any taxable period (as defined in section 49960t>)(7)) which is not otherwise shown on a return by such producer shall be treated as tax shown by the producer on a return for the taxable period. "(6) Any liability to pay amounts required to be withheld under section 4995(a) shall not be treated as a tax imposed by chapter 45." (4) Paragraph (1) of section 6212(b) is amended— (A) by striking out "or chapter 44" and inserting in lieu thereof "chapter 44, or chapter 45", (B) by striking out "chapter 44, and this chapter" and inserting in lieu thereof "chapter 44, chapter 45, and this chapter, and (C) by striking out "TAXES IMPOSED BY CHAPTER 42" in the paragraph heading and inserting in lieu thereof "CERTAIN EXCISE TAXES".

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