Citizen Involvement in Campaigns Act of 2013

“25E. Credit for certain political contributions

“(a) In general—In the case of an individual, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to all qualified political contributions paid by the taxpayer during the taxable year.

“(b) Limitations

“(1) Maximum credit—The credit allowed by subsection (a) shall not exceed $200 ($400 in the case of a joint return).

“(2) Verification—The credit allowed by subsection (a) shall be allowed with respect to any qualified political contribution only if such contribution is verified in such manner as the Secretary shall prescribe by regulation.

“(c) Definitions—For purposes of this section—

“(1) Qualified political contribution—The term qualified political contribution means a contribution or gift of money, or the fair market value of a contribution or gift of property, to—

“(A) an individual who is a candidate for nomination or election to any Federal elective public office in any primary, general, or special election, for use by such individual to further the candidacy of the individual for nomination or election to such office, or

“(B) the national committee of a national political party.

“(2) Candidate—The term candidate means, with respect to any Federal elective public office, an individual who—

“(A) publicly announces before the close of the calendar year following the calendar year in which the political contribution is made that the individual is a candidate for nomination or election to such office; and

“(B) meets the qualifications prescribed by law to hold such office.

“(3) National political party—The term national political party means—

“(A) in the case of qualified political contributions made during a taxable year of the taxpayer in which the electors of President and Vice President are chosen, a political party presenting candidates or electors for such offices on the official election ballot of ten or more States; or

“(B) in the case of qualified political contributions made during any other taxable year of the taxpayer, a political party which met the qualifications described in subparagraph (A) in the last preceding election of a President and Vice President.

“(d) Election not To have section apply—A taxpayer may elect not to have this section apply with respect to qualified political contributions made during the taxable year.

“(e) Cross references

“(1) For transfer of appreciated property to a political organization, see section 84.

“(2) For certain indirect contributions to political parties, see section 276.”

“224. Political contributions

“(a) In general—In the case of an individual, there shall be allowed as a deduction for the taxable year an amount equal to the qualified political contributions made by the taxpayer during the taxable year.

“(b) Limitation—The amount allowed as a deduction under subsection (a) for the taxable year shall not exceed $600 ($1200 in the case of a joint return).

“(c) Qualified political contribution—For purposes of this section, the term qualified political contribution shall have the meaning given such term by section 25E(c)(1).

“(d) Denial of double benefit—No deduction shall be allowed under subsection (a) to a taxpayer for any qualified political contribution made during the taxable year if a credit is allowed to such taxpayer under section 25E for such year.”

“(22) Qualified political contributions—The deduction allowed by section 224.”