PROCEDURAL REQUIREMENTS FOR IMPOSITION OF PENALTIES AND ADDITIONS TO TAX.

SEC. 3306. PROCEDURAL REQUIREMENTS FOR IMPOSITION OF PENALTIES AND ADDITIONS TO TAX. (a) In General.— Chapter 68 (relating to additions to the tax, additional amounts, and assessable penalties) is amended by adding at the end the following new subchapter: “Subchapter C—Procedural Requirements “Sec. 6751. Procedural requirements. “SEC. 6751. PROCEDURAL REQUIREMENTS. “(a) Computation of Penalty Included in Notice.— The Secretary shall include with each notice of penalty under this title information with respect to the name of the penalty, the section of this title under which the penalty is imposed, and a computation of the penalty. “(b) Approval of Assessment.— “(1) In general.— No penalty under this title shall be assessed unless the initial determination of such assessment is personally approved (in writing) by the immediate supervisor of the individual making such determination or such higher level official as the Secretary may designate. “(2) Exceptions.— Paragraph (1) shall not apply to— “(A) any addition to tax under section 6651, 6654, or 6655; or “(B) any other penalty automatically calculated through electronic means. “(c) Penalties.— For purposes of this section, the term ‘penalty’ includes any addition to tax or any additional amount.”. (b) Conforming Amendment.— The table of subchapters for chapter 68 is amended by adding at the end the following new item: “Subchapter C. Procedural requirements.”. (c) Effective Date.— The amendments made by this section shall apply to notices issued, and penalties assessed, after December 31, 2000.