[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2938 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2938

   To amend the Internal Revenue Code of 1986 to allow taxpayers to 
  designate any portion of their income tax overpayments, and to make 
   other contributions, for the benefit of victims of the terrorist 
   attacks on September 11, 2001, and for counter-terrorism efforts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 21, 2001

  Mr. Hefley introduced the following bill; which was referred to the 
 Committee on Ways and Means, and in addition to the Committee on the 
 Judiciary, 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

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to allow taxpayers to 
  designate any portion of their income tax overpayments, and to make 
   other contributions, for the benefit of victims of the terrorist 
   attacks on September 11, 2001, and for counter-terrorism efforts.

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

SECTION 1. DESIGNATION OF OVERPAYMENTS AND CONTRIBUTIONS FOR TERRORISM 
              RELIEF AND COUNTER-TERRORISM EFFORTS.

    (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:

``PART IX--DESIGNATION OF OVERPAYMENTS AND CONTRIBUTIONS FOR TERRORISM 
                  RELIEF AND COUNTER-TERRORISM EFFORTS

                              ``Sec. 6097. Designation.

``SEC. 6097. DESIGNATION.

    ``(a) In General.--With respect to each taxpayer's return for the 
taxable year of the tax imposed by chapter 1, such taxpayer may 
designate that--
            ``(1) a specified portion (but not less than $1) of any 
        overpayment of tax for such taxable year, and
            ``(2) any cash contribution which the taxpayer includes 
        with such return,
shall be deposited into the Terrorism Relief and Counter-Terrorism 
Trust Fund.
    ``(b) Manner and Time of Designation.--A designation under 
subsection (a) may be made with respect to any taxable year only at the 
time of filing the return of the tax imposed by chapter 1 for such 
taxable year. Such designation shall be made in such manner as the 
Secretary prescribes by regulations except that 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 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.''
    (b) Clerical Amendment.--The table of parts for subchapter A of 
chapter 61 of such Code is amended by adding at the end thereof the 
following new item:

                              ``Part IX. Designation of overpayments 
                                        and contributions for terrorism 
                                        relief and counter-terrorism 
                                        efforts.''
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.

SEC. 2. TERRORISM RELIEF AND COUNTER-TERRORISM TRUST FUND.

    (a) In General.--Subchapter A of chapter 98 of the Internal Revenue 
Code of 1986 (relating to trust fund code) is amended by adding at the 
end the following new section:

``SEC. 9511. TERRORISM RELIEF AND COUNTER-TERRORISM TRUST FUND.

    ``(a) Creation of Trust Fund.--There is established in the Treasury 
of the United States a trust fund to be known as the `Terrorism Relief 
and Counter-Terrorism Trust Fund', consisting of such amounts as may be 
appropriated or credited to the Terrorism Relief and Counter-Terrorism 
Trust Fund as provided in this section or section 9602(b).
    ``(b) Transfer to Terrorism Relief and Counter-Terrorism Trust Fund 
of Amounts Designated.--There is hereby appropriated to the Terrorism 
Relief and Counter-Terrorism Trust Fund amounts equivalent to the 
amounts designated under section 6097 and received in the Treasury.
    ``(c) Expenditures From Trust Fund.--
            ``(1) In general.--Amounts in the Terrorism Relief and 
        Counter-Terrorism Trust Fund shall be available, as provided in 
        appropriation Acts, for purposes of--
                    ``(A) providing assistance to the victims of the 
                terrorists attacks against the United States on 
                September 11, 2001, and to the families of such 
                victims, and
                    ``(B) making expenditures for counter-terrorism 
                efforts by the United States.
            ``(2) Administrative expenses.--Amounts in the Terrorism 
        Relief and Counter-Terrorism Trust Fund shall be available to 
        pay the administrative expenses of the Department of the 
        Treasury directly allocable to--
                    ``(A) modifying the income tax return forms to 
                carry out section 6097,
                    ``(B) carrying out this chapter with respect to 
                such Fund, and
                    ``(C) processing amounts received under section 
                6097 and transferring such amounts to such Fund.''
    (b) Clerical Amendment.--The table of sections for such subchapter 
A is amended by adding at the end the following new item:

                              ``Sec. 9511. Terrorism Relief and 
                                        Counter-Terrorism Trust Fund.''
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