[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 19 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                 S. 19

   To amend the Internal Revenue Code of 1986 to allow taxpayers to 
 designate a portion of their income tax payment to provide assistance 
             to homeless veterans, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 20, 2008

 Mrs. Clinton introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to allow taxpayers to 
 designate a portion of their income tax payment to provide assistance 
             to homeless veterans, 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. DESIGNATION OF INCOME TAX PAYMENTS TO HOMELESS VETERANS 
              ASSISTANCE FUND.

    (a) 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 INCOME TAX PAYMENTS TO HOMELESS VETERANS 
                            ASSISTANCE FUND

``Sec. 6098. Designation to Homeless Veterans Assistance Fund.

``SEC. 6098. DESIGNATION TO HOMELESS VETERANS ASSISTANCE FUND.

    ``(a) In General.--Every individual (other than a nonresident 
alien) whose adjusted income tax liability for the taxable year is $3 
or more may designate that $3 shall be paid over to the Homeless 
Veterans Assistance Fund in accordance with the provisions of section 
9511. In the case of a joint return of husband and wife having an 
adjusted income tax liability of $6 or more, each spouse may designate 
that $3 shall be paid to the fund.
    ``(b) Adjusted Income Tax Liability.--For purposes of subsection 
(a), the term `adjusted income tax liability' means, for any individual 
for any taxable year, the excess (if any) of--
            ``(1) the income tax liability (as defined in section 
        6096(b)) of the individual for the taxable year, over
            ``(2) any amount designated by the individual (and, in the 
        case of a joint return, any amount designated by the 
        individual's spouse) under section 6096(a) for such taxable 
        year.
    ``(c) Manner and Time of Designation.--A designation under 
subsection (a) may be made with respect to any taxable year--
            ``(1) at the time of filing the return of the tax imposed 
        by chapter 1 for such taxable year, or
            ``(2) at any other time (after the time of filing the 
        return of the tax imposed by chapter 1 for such taxable year) 
        specified in regulations prescribed by the Secretary.
Such designation shall be made in such manner as the Secretary 
prescribes by regulations except that, if such designation is made at 
the time of filing the return of the tax imposed by chapter 1 for such 
taxable year, such designation shall be made either on the first page 
of the return or on the page bearing the taxpayer's signature.''
    (b) Homeless Veterans Assistance Fund.--Subchapter A of chapter 98 
of such Code (relating to establishment of trust funds) is amended by 
adding at the end the following new section:

``SEC. 9511. HOMELESS VETERANS ASSISTANCE FUND.

    ``(a) Creation of Trust Fund.--There is established in the Treasury 
of the United States a trust fund to be known as the `Homeless Veterans 
Assistance Fund', consisting of such amounts as may be appropriated or 
credited to such fund as provided in this section or section 9602(b).
    ``(b) Transfers to Trust Fund.--There are hereby appropriated to 
the Homeless Veterans Assistance Fund amounts equivalent to the amounts 
designated under section 6098.
    ``(c) Expenditures.--Amounts in the Homeless Veterans Assistance 
Fund shall be available, as provided in appropriation Acts, only for 
the purpose of providing assistance to homeless veterans. Such amounts 
shall be used to supplement, not supplant, existing funding for such 
assistance.''
    (c) Clerical Amendments.--
            (1) 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 Income Tax Payments to Homeless Veterans 
                           Assistance Fund.''

            (2) The table of sections for subchapter A of chapter 98 of 
        such Code is amended by adding at the end the following new 
        item:

``Sec. 9511. Homeless Veterans Assistance Fund.''
    (d) 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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