26-U.S.C.-7624
§7624 – Reimbursement to State and Local Law Enforcement Agencies
Pathway
Title 26 > Subtitle F > Chapter 78 > Subchapter B > Section 7624
Details
- Reference: Section 7624
- Legend: §7624 – Reimbursement to State and Local Law Enforcement Agencies
- USCode Year: 2013
Provision Content
(a) Authorization of reimbursement
Whenever a State or local law enforcement agency provides information to the Internal Revenue Service that substantially contributes to the recovery of Federal taxes imposed with respect to illegal drug-related activities (or money laundering in connection with such activities), such agency may be reimbursed by the Internal Revenue Service for costs incurred in the investigation (including but not limited to reasonable expenses, per diem, salary, and overtime) not to exceed 10 percent of the sum recovered.
(b) Records; 10 percent limitation
The Internal Revenue Service shall maintain records of the receipt of information from a contributing agency and shall notify the agency when monies have been recovered as the result of such information. Following such notification, the agency shall submit a statement detailing the investigative costs it incurred. Where more than 1 State or local agency has given information that substantially contributes to the recovery of Federal taxes, the Internal Revenue Service shall equitably allocate investigative costs among such agencies not to exceed an aggregate amount of 10 percent of the taxes recovered.
(c) No reimbursement where duplicative
No State or local agency may receive reimbursement under this section if reimbursement has been received by such agency under a Federal or State forfeiture program or under State revenue laws.
(Added Pub. L. 100–690, title VII, §7602(a), Nov. 18, 1988, 102 Stat. 4507.)
Effective Date
Section applicable to information first provided more than 90 days after Nov. 18, 1988, see section 7602(e) of Pub. L. 100–690, set out as an Effective Date of 1988 Amendment note under section 6103 of this title.
Regulations
Pub. L. 100–690, title VII, §7602(g), Nov. 18, 1988, 102 Stat. 4508, provided that: The Secretary of the Treasury shall, not later than 90 days after the date of enactment of this Act [Nov. 18, 1988], prescribe such rules and regulations as shall be necessary and proper to carry out the provisions of this section [enacting section 7624 of this title, amending sections 6103 and 7809 of this title, and enacting provisions set out as notes under sections 6103 and 7809 of this title], including regulations relating to the definition of information which substantially contributes to the recovery of Federal taxes and the substantiation of expenses required in order to receive a reimbursement.
U.S. Encyclopedia of Law Coverage
26-U.S.C.-7622 in the Legal Encyclopedia: Tax Administration
In this entry about 26-U.S.C.-7622, find legal reference material, bibliographies and premiere content related to tax administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax administration-specific issues, written by authorities in the field.
26-U.S.C.-7622 in the Legal Encyclopedia: Tax Liability
In this entry about 26-U.S.C.-7622, find legal reference material, bibliographies and premiere content related to tax liability in the American Encyclopedia of Law, presenting a comprehensive view of the United States tax liability-specific issues, written by authorities in the field.
26-U.S.C.-1400U-1 in the Legal Encyclopedia: Liability
In this entry about 26-U.S.C.-1400U-1, find legal reference material, bibliographies and premiere content related to liability in the American Encyclopedia of Law, presenting a comprehensive view of the United States liability-specific issues, written by authorities in the field.
26-U.S.C.-7613 in the Legal Encyclopedia: Enforcement
In this entry about 26-U.S.C.-7613, find legal reference material, bibliographies and premiere content related to enforcement in the American Encyclopedia of Law, presenting a comprehensive view of the United States enforcement-specific issues, written by authorities in the field.
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