[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3905 Introduced in House (IH)]







109th CONGRESS
  1st Session
                                H. R. 3905

  To amend the Internal Revenue Code of 1986 to allow individuals to 
designate income tax overpayments to support relief efforts in response 
                         to Hurricane Katrina.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 27, 2005

Mr. Kind (for himself, Mrs. Johnson of Connecticut, Mrs. Tauscher, Mr. 
 Brown of Ohio, Mr. Grijalva, Mr. Meehan, and Mr. Simmons) 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 allow individuals to 
designate income tax overpayments to support relief efforts in response 
                         to Hurricane Katrina.

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

SECTION 1. DESIGNATION OF INCOME TAX OVERPAYMENTS TO SUPPORT RELIEF 
              EFFORTS IN RESPONSE TO HURRICANE KATRINA.

    (a) Designation.--
            (1) In general.--Subchapter A of chapter 61 of the Internal 
        Revenue Code of 1986 (relating to information and returns) is 
        amended by adding at the end the following new part:

  ``PART IX--DESIGNATION OF OVERPAYMENTS TO BUSH-CLINTON KATRINA FUNDS

``Sec. 6098. Designation to Bush-Clinton Katrina Funds.

``SEC. 6098. DESIGNATION TO BUSH-CLINTON KATRINA FUNDS.

    ``(a) In General.--In the case of an individual, with respect to 
each taxpayer's return for the taxable year of the tax imposed by 
chapter 1, such taxpayer may designate that a specified portion (not 
less than $1) of any overpayment of tax for such taxable year be paid 
over to the Bush-Clinton Katrina Funds.
    ``(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--
            ``(1) 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, and
            ``(2) a contribution made by such taxpayer on such date to 
        the United States.
    ``(d) Transfer of Funds.--The Secretary of the Treasury shall, from 
time to time, pay over from the general fund of the Treasury to the 
Bush-Clinton Katrina Funds amounts equivalent to the amounts designated 
under subsection (a).
    ``(e) Bush-Clinton Katrina Funds.--For purposes of this section--
            ``(1) In general.--The term `Bush-Clinton Katrina Funds' 
        means--
                    ``(A) the Bush-Clinton Katrina Fund of the William 
                J. Clinton Foundation, and
                    ``(B) the Bush-Clinton Katrina Fund of the Greater 
                Houston Community Foundation.
            ``(2) Equal transfers.--The Secretary of the Treasury shall 
        ensure that to the greatest extent practicable amounts paid 
        over under subsection (d) are divided equally between the funds 
        described in subparagraphs (A) and (B) of paragraph (1).
    ``(f) Termination.--This section shall not apply with respect to 
any taxable year ending after the date on which the Secretary of the 
Treasury determines that the relief efforts related to Hurricane 
Katrina have terminated or that payments to the Bush-Clinton Katrina 
Funds under this section are no longer necessary or appropriate.''.
            (2) Clerical amendment.--The table of parts for subchapter 
        A of chapter 61 of such Code is amended by adding at the end 
        the following new item:

``Part IX. Designation of overpayments to Bush-Clinton Katrina Funds''.

    (b) Effective Date.--The amendments made by this section shall 
apply to taxable years ending after the date of the enactment of this 
Act.
                                 <all>