[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1881 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 1881

    To amend the Internal Revenue Code of 1986 to provide that the 
graduated income tax rates that apply to principal campaign committees 
of candidates for Congress shall apply to all comparable committees of 
                candidates for State and local offices.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 16, 2001

Mr. Sensenbrenner 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 provide that the 
graduated income tax rates that apply to principal campaign committees 
of candidates for Congress shall apply to all comparable committees of 
                candidates for State and local offices.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``State and Local Candidate Fairness 
Act of 2001''.

SEC. 2. GRADUATED RATES TO APPLY TO PRINCIPAL CAMPAIGN COMMITTEES OF 
              CANDIDATES FOR STATE AND LOCAL OFFICES.

    (a) In General.--Subparagraph (A) of section 527(h)(2) of the 
Internal Revenue Code of 1986 (defining principal campaign committee) 
is amended to read as follows:
                    ``(A) In general.--For purposes of this subsection, 
                the term `principal campaign committee' means the 
                political committee designated by a candidate for 
                Congress or for State or local public office as his 
                principal campaign committee for purposes of this 
                subsection. A candidate for Congress may designate 
                under the preceding sentence only a committee 
                designated by such candidate 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) Conforming Amendment.--Subparagraph (B) of section 527(h)(2) of 
such Code is amended by striking ``subparagraph (A)(ii)'' and inserting 
``the first sentence of subparagraph (A)''.
    (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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