[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 153 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 153

 To amend the Internal Revenue Code of 1986 to extend to the principal 
campaign committee of any candidate for elective public office the same 
graduated tax rates which apply to the principal campaign committee of 
                       a candidate for Congress.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

  Mr. Crane introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to extend to the principal 
campaign committee of any candidate for elective public office the same 
graduated tax rates which apply to the principal campaign committee of 
                       a candidate for Congress.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. APPLICATION OF GRADUATED TAX RATES TO ALL PRINCIPAL CAMPAIGN 
              COMMITTEES.

    (a) In General.--Subparagraph (A) of section 527(h)(2) of the 
Internal Revenue Code of 1986 (defining principal campaign committee) 
is amended by striking ``a candidate for Congress'' and all that 
follows and inserting ``a candidate for any Federal, State, or local 
elective public office as his principal campaign committee for purposes 
of this subsection. A committee may not be designated by a candidate 
for purposes of this subsection if such candidate designates a 
different committee as his principal campaign committee for purposes of 
section 302(e) of the Federal Election Campaign Act of 1971 (2 U.S.C. 
432(e)).''
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 1992.

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