[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3709 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 3709

 To amend the Internal Revenue Code of 1986 to provide that only after-
  tax contributions may be made to the Presidential Election Campaign 
 Fund and that taxpayers may designate contributions for a particular 
           national political party, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 7, 2002

Mr. Watts of Oklahoma introduced the following bill; which was referred 
to the Committee on Ways and Means, and in addition to the Committee on 
House Administration, 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 provide that only after-
  tax contributions may be made to the Presidential Election Campaign 
 Fund and that taxpayers may designate contributions for a particular 
           national political party, and for other purposes.

    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 ``Election Fund Free Choice and 
Savings Act of 2002''.

SEC. 2. CONTRIBUTIONS TO PRESIDENTIAL ELECTION CAMPAIGN FUND.

    (a) In General.--Part VIII of subchapter A of chapter 61 of the 
Internal Revenue Code of 1986 (relating to designation of income tax 
payments to Presidential Election Campaign Fund) is amended to read as 
follows:

   ``PART VIII--CONTRIBUTIONS TO PRESIDENTIAL ELECTION CAMPAIGN FUND

                              ``Sec. 6096. Contributions by 
                                        individuals.

``SEC. 6096. CONTRIBUTIONS BY INDIVIDUALS.

    ``(a) In General.--Every individual may designate for the taxable 
year--
            ``(1) that $3 ($6 in the case of a joint return) of the 
        amounts described in subsection (b) be paid over to the 
        Presidential Election Campaign Fund in accordance with the 
        provisions of section 9006(a), and
            ``(2) that any whole dollar amount of the amount so paid 
        over shall be paid by such Fund to any major party or minor 
        party (as such terms are defined in section 9002) specified by 
        such individual.
    ``(b) Amounts Which May Be Designated.--The amounts described in 
this subsection are--
            ``(1) any overpayment of the tax imposed by chapter 1 for 
        the taxable year, and
            ``(2) any cash contribution which the taxpayer includes 
        with the taxpayer's return of such tax for the taxable year.
    ``(c) Manner and Time of Designation.--A designation under 
subsection (a) may be made only at the time of filing the return of the 
tax imposed by chapter 1 for the 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.
    ``(d) 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) Conforming Amendments.--
            (1) Payments to parties.--Section 9006 of such Code is 
        amended by adding at the end the following new subsection:
    ``(d) Payment of Designated Amounts to Parties.--In addition to any 
other accounts maintained in the Fund, the Secretary shall maintain in 
the Fund a separate account for the national committee of each major 
party and minor party for the receipt of amounts designated by 
individuals under section 6096(a)(2), and shall deposit in each such 
account amounts equal to the amounts so designated.''.
            (2) Other conforming amendments.--(A) The first sentence of 
        section 9006(b) of such Code is amended by inserting after 
        ``fund'' the following: ``(drawing from amounts designated by 
        individuals under section 6096(a)(1))''.
            (B) The third sentence of section 9008(a) of such Code is 
        amended by striking ``section 6096'' and inserting ``section 
        6096(a)(1)''.
            (C) The second sentence of section 9037(a) of such Code is 
        amended by striking ``account,'' and inserting the following: 
        ``account (drawing from amounts designated by individuals under 
        section 6096(a)(1)),''.
    (c) Clerical Amendment.--The item relating to part VIII in the 
table of parts for subchapter A of chapter 61 of such Code is amended 
to read as follows:

                              ``Part VIII. Contributions to 
                                        Presidential Election Campaign 
                                        Fund.''
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2002.
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