Voluntary Debt Reduction Act of 2013

“IX Gifts to pay down national debt

“6097. Gifts to pay down national debt

“(a) General rule—Every taxpayer who makes a return of the tax imposed by subtitle A for any taxable year may—

“(1) donate an amount (not less than $1), in addition to any payment of tax for such taxable year, or

“(2) designate a portion of any overpayment of tax (not less than $1) to be donated,

“(b) Manner and time of designation—Any donation under subsection (a) for any taxable year—

“(1) shall be made at the time of filing the return of the tax imposed by subtitle A for such taxable year and in such manner as the Secretary may by regulation prescribe, except that the designation for such donation shall be either on the first page of the return or on the page bearing the taxpayer’s signature, and

“(2) in the case of a donation of cash, shall be accompanied by a payment of the amount so designated.

“(c) Treatment of amounts donated—For purposes of this title, the amount donated by any taxpayer under subsection (a) shall be treated as a contribution made by such taxpayer to the United States on the last date prescribed for filing the return of tax imposed by subtitle A (determined without regard to extensions) or, if later, the date the return is filed.

“(d) Overpayments treated as refunded—For purposes of this title, any portion of an overpayment of tax designated under subsection (a) shall be treated as being refunded to the taxpayer as of the last date prescribed for filing the return of tax imposed by chapter 1 (determined without regard to extensions) or, if later, the date the return is filed.

“(e) Transfers to account To reduce public debt—The Secretary shall, from time to time, transfer to the special account established by section 3113(d) of title 31, United States Code, amounts equal to the amounts donated under this section.”