II 112th CONGRESS 1st Session S. 1806 IN THE SENATE OF THE UNITED STATES November 3, 2011 Mrs. Boxer (for herself, Mr. Begich, and Mr. Merkley) introduced the following bill; which was read twice and referred to the Committee on Veterans' Affairs A BILL To amend the Internal Revenue Code of 1986 to allow taxpayers to designate overpayments of tax as contributions to the homeless veterans assistance fund.

1.

Designation of contributions to the homeless veterans assistance fund

(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: IX

Contributions to the homeless veterans assistance fund

Sec. 6098. Contributions to the homeless veterans assistance fund.

6098.

Contributions to the homeless veterans assistance fund

(a)

In general

Every individual, with respect to the taxpayer’s return for the taxable year of the tax imposed by chapter 1, may designate that a specified portion (not less than $1) of any overpayment of tax shall be paid over to the Homeless Veterans Assistance Fund in accordance with the provisions of section 9512. (b)

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 such time of filing) 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.(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.

. (b)

Homeless Veterans Assistance Fund

Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

9512.

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

(1)

In general

Amounts in the Homeless Veterans Assistance Fund shall be available, as provided in appropriation Acts, to supplement funds appropriated to the Department of Veterans Affairs, the Department of Labor Veterans Employment and Training Service, and the Department of Housing and Urban Development for the purpose of providing services to homeless veterans. (2)

Allocation of distribution

Funds made available under paragraph (1) shall be allocated in proportion to the funding for homeless veterans programs administered by the Department of Veterans Affairs, the Department of Labor Veterans Employment and Training Service, and the Department of Housing and Urban Development. (3)

Expenditure of funds

The Department of Veterans Affairs, the Department of Labor Veterans Employment and Training Service, and the Department of Housing and Urban Development may obligate funds to support any homeless veteran program authorized under title 38, United States Code. (d)

President's annual budget information

Beginning with the President's annual budget submission for fiscal year 2013 and every year thereafter, the Department of Veterans Affairs, the Department of Labor, and the Department of Housing and Urban Development shall include a description of the use of funds from the Homeless Veterans Assistance Fund from the previous fiscal year and the proposed use of such funds for the next fiscal year.

. (c)

Clerical Amendments

(1)The table of parts for subchapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item: IX

Contributions to the 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. 9512. 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.