Assertion: excise tax | /r/HasProperty | imposed on a foundation manager
Facets:
Source sentences:
text: An excise tax of 5 percent of the amount involved is imposed on a foundation manager who knowingly participates in an act of self-dealing, unless participation is not willful and is due to reasonable cause, for each year or part of a year in the taxable period.
text: If the additional tax described above is imposed on the disqualified person, an excise tax of 50 percent of the amount involved is imposed on any foundation manager who refuses to agree to part or all of the correction of the self-dealing act.