[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 284 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 284

    To amend the Internal Revenue Code of 1986 with respect to the 
    designation of income tax payments to the Presidential Election 
                             Campaign Fund.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

 Mr. Moakley introduced the following bill; which was referred jointly 
      to the Committees on House Administration and Ways and Means

_______________________________________________________________________

                                 A BILL


 
    To amend the Internal Revenue Code of 1986 with respect to the 
    designation of income tax payments to the Presidential Election 
                             Campaign Fund.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That (a) subsection (a) 
of section 6096 of the Internal Revenue Code of 1986 (relating to 
designation by individuals) is amended to read as follows:
    ``(a) Payments to Fund.--
            ``(1) In general.--Except as provided in paragraph (2), 
        there shall be paid over to the Presidential Election Campaign 
        Fund, in accordance with the provisions of section 9006, $1 for 
        each individual (other than a nonresident alien) whose income 
        tax liability for the taxable year is $1 or more. In the case 
        of a joint return, the preceding sentence shall be applied 
        separately with respect to each spouse and the income tax 
        liability of each spouse shall be \1/2\ of the joint liability.
            ``(2) Designation to have paragraph (1) not apply.--
        Paragraph (1) shall not apply with respect to an individual for 
        any taxable year if such individual designates for such taxable 
        year that such individual does not want $1 to be paid to the 
        Presidential Election Campaign Fund. In the case of a joint 
        return, such a designation may be made separately by each 
        spouse.''
    (b)(1) Subsection (c) of section 6096 of such Code is amended by 
striking ``subsection (a)'' and inserting ``subsection (a)(2)''.
    (2) Subsection (a) of section 9006 of such Code is amended--
            (A) by striking ``amounts designated (subsequent to the 
        previous Presidential election) to the fund by individuals 
        under section 6096'' and inserting ``amounts required to be 
        paid (subsequent to the previous Presidential election) to the 
        fund under section 6096'', and
            (B) by striking ``amounts so designated'' and inserting 
        ``amounts so required to be paid''.
    (3) Subsection (a) of section 9008 of such Code is amended by 
striking ``amounts designated by individuals under section 6096'' and 
inserting ``amounts required to be paid to the fund under section 
6096''.
    (c) The amendments made by this section shall apply with respect to 
taxable years ending after the date of the enactment of this Act; 
except that such amendments shall not apply with respect to taxable 
years beginning in the calendar year in which such date of enactment 
occurs if such date of enactment is on or after October 1 of such 
calendar year.

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