26 USC 6657: Bad checks
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26 USC 6657: Bad checks Text contains those laws in effect on January 4, 1995
From Title 26-INTERNAL REVENUE CODESubtitle F-Procedure and AdministrationCHAPTER 68-ADDITIONS TO THE TAX, ADDITIONAL AMOUNTS, AND ASSESSABLE PENALTIESSubchapter A-Additions to the Tax and Additional AmountsPART I-GENERAL PROVISIONS
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§6657. Bad checks

If any check or money order in payment of any amount receivable under this title is not duly paid, in addition to any other penalties provided by law, there shall be paid as a penalty by the person who tendered such check, upon notice and demand by the Secretary, in the same manner as tax, an amount equal to 2 percent of the amount of such check, except that if the amount of such check is less than $750, the penalty under this section shall be $15 or the amount of such check, whichever is the lesser. This section shall not apply if the person tendered such check in good faith and with reasonable cause to believe that it would be duly paid.

(Aug. 16, 1954, ch. 736, 68A Stat. 826 ; Oct. 4, 1976, Pub. L. 94–455, title XIX, §1906(b)(13)(A), 90 Stat. 1834 ; Nov. 10, 1988, Pub. L. 100–647, title V, §5071(a), 102 Stat. 3681 .)

Amendments

1988-Pub. L. 100–647 substituted "2" for "1", "$750" for "$500", and "$15" for "$5".

1976-Pub. L. 94–455 struck out "or his delegate" after "Secretary".

Effective Date of 1988 Amendment

Section 5071(b) of Pub. L. 100–647 provided that: "The amendment made by subsection (a) [amending this section] shall apply to checks or money orders received after the date of the enactment of this Act [Nov. 10, 1988]."