Title V — Contributions to Freedom From Influence Fund

H.R. 20 · 113th Congress · Feb 5, 2014 · Lineage

V Contributions to Freedom From Influence Fund

Sec. 501 Voluntary contributions to the Freedom From Influence Fund

(a)

In general— Subchapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part:

“IX Contributions to Freedom From Influence Fund

“6098. Contributions to Freedom From Influence Fund

“(a) In general—Every individual, with respect to the taxpayer’s return for the taxable year of the tax imposed by chapter 1, may designate that a specified portion (not less than $1) of any overpayment of tax shall be contributed to the Freedom From Influence Fund established under section 541 of the Federal Election Campaign Act of 1971.

“(b) Manner and time of designation

“(1) Time of designation—A designation under subsection (a) may be made with respect to any taxable year—

“(A) at the time of filing the return of the tax imposed by chapter 1 for such taxable year, or

“(B) at any other time (after such time of filing) specified in regulations prescribed by the Secretary.

“(2) Manner of designation—Such designation shall be made in such manner as the Secretary prescribes by regulations except that, if such designation is made at the time of filing the return of the tax imposed by chapter 1 for such taxable year, such designation shall be made either on the first page of the return or on the page bearing the taxpayer’s signature.

“(c) Overpayments treated as refunded—For purposes of this title, any portion of an overpayment of tax designated under subsection (a) shall be treated as—

“(1) 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, and

“(2) a contribution made by such taxpayer on such date to the United States.

“(d) On-Line contributions—The Secretary shall establish and maintain a Web site through which persons may make contributions to the Freedom From Influence Fund. Any such contribution shall not be treated as an overpayment of tax but shall be treated as a contribution made by such person to the United States.”

(b)

Clerical amendment— The table of parts for subchapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:

(c)

Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

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Feb 5, 2014viewing Introduced in House Mr. Sarbanes (for himself, Ms. Pelosi, Mr. Barber, Mrs. Beatty, Mr. Bera of California, Mr. Bishop of New York, Mr. Blumenauer, Ms. Bonamici, Mr. Brady of Pennsylvania, Mr. Braley of Iowa, Mr. Carney, Mr. Cartwright, Mr. Castro of Texas, Mr. Cicilline, Ms. Clarke of New York, Mr. Clay, Mr. Cleaver, Mr. Clyburn, Mr. Cohen, Mr. Conyers, Mr. Cooper, Mr. Courtney, Mr. Crowley, Mr. Cummings, Mrs. Davis of California, Mr. DeFazio, Mr. Delaney, Ms. DeLauro, Ms. DelBene, Mr. Deutch, Mr. Dingell, Mr. Doggett, Ms. Edwards, Mr. Ellison, Mr. Engel, Ms. Eshoo, Ms. Esty, Mr. Farr, Ms. Frankel of Florida, Ms. Fudge, Ms. Gabbard, Mr. Garcia, Mr. Grayson, Mr. Gene Green of Texas, Mr. Al Green of Texas, Mr. Grijalva, Mr. Gutiérrez, Mr. Hastings of Florida, Mr. Himes, Mr. Holt, Mr. Honda, Mr. Horsford, Mr. Hoyer, Mr. Huffman, Mr. Israel, Ms. Jackson Lee, Mr. Jeffries, Mr. Johnson of Georgia, Ms. Eddie Bernice Johnson of Texas, Mr. Jones, Ms. Kaptur, Ms. Kelly of Illinois, Mr. Kilmer, Mr. Kind, Mrs. Kirkpatrick, Ms. Kuster, Mr. Langevin, Mr. Larson of Connecticut, Ms. Lee of California, Mr. Lewis, Mr. Loebsack, Ms. Lofgren, Mr. Lowenthal, Mr. Ben Ray Luján of New Mexico, Ms. Michelle Lujan Grisham of New Mexico, Mr. Maffei, Mr. Sean Patrick Maloney of New York, Mrs. Carolyn B. Maloney of New York, Ms. Matsui, Ms. McCollum, Mr. McDermott, Mr. McGovern, Ms. Meng, Mr. Michaud, Mr. George Miller of California, Ms. Moore, Mr. Moran, Mr. Murphy of Florida, Mr. Nadler, Mr. Nolan, Ms. Norton, Mr. O'Rourke, Mr. Pallone, Mr. Pascrell, Mr. Payne, Mr. Perlmutter, Mr. Peters of California, Mr. Peters of Michigan, Ms. Pingree of Maine, Mr. Pocan, Mr. Polis, Mr. Quigley, Mr. Rangel, Mr. Rush, Ms. Linda T. Sánchez of California, Ms. Schakowsky, Ms. Schwartz, Mr. Scott of Virginia, Mr. Serrano, Ms. Shea-Porter, Mr. Sherman, Mr. Sires, Ms. Slaughter, Mr. Smith of Washington, Ms. Speier, Mr. Swalwell of California, Mr. Takano, Mr. Tierney, Mr. Tonko, Mr. Van Hollen, Mr. Vargas, Ms. Velázquez, Mr. Walz, Ms. Wasserman Schultz, Mr. Waxman, Mr. Welch, Mr. Yarmuth, Ms. Brownley of California, and Ms. Castor of Florida) introduced the following bill; which was referred to the Committee on House Administration, and in addition to the Committees on Energy and Commerce and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

Title V — Contributions to Freedom From Influence Fund

V Contributions to Freedom From Influence Fund

Sec. 501 Voluntary contributions to the Freedom From Influence Fund

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