1.Short
title; table of contents
(a)This Act may be cited
as the Temporary Tax Holiday and
Government Reduction Act
.
(b)The table of contents of this Act is as follows:
Sec. 1. Short title; table of
contents.
TITLE I—Payroll tax relief
Sec. 101. Extension of payroll tax holiday.
TITLE II—Deficit reduction
Subtitle A—Reform of Federal benefits for
millionaires
Sec. 201. Ending unemployment and supplemental nutrition
assistance program benefits for millionaires.
Sec. 202. Increase in the Medicare part B and D premiums for
higher-income Medicare beneficiaries.
Subtitle B—Federal employee provisions
Sec. 211. Reduction in the number of Federal
employees.
Sec. 212. Extension of pay freeze for Federal
employees.
Sec. 213. Reduction of revised discretionary spending limits to
achieve savings from Federal employee provisions.
Subtitle C—Buffett Rule Act of 2011
Sec. 221. Short title.
Sec. 222. Donation to pay down national debt.
<enum>I</enum><header>Payroll tax
relief</header>
<section id="id85BBF24484FD45888F50AC1AD19B021B"><enum>101.</enum><header>Extension of
payroll tax holiday</header><text display-inline="no-display-inline">Section
601(c) of the Tax Relief, Unemployment Insurance Reauthorization, and Job
Creation Act of 2010 (26 U.S.C. 1401 note) is amended by striking <quote>year
2011</quote> and inserting <quote>years 2011 and 2012</quote>.</text>
</section><enum>II</enum><header>Deficit
reduction</header>
<subtitle id="idB7E6DE28E9854D9F8D5882CADBF83EF8"><enum>A</enum><header>Reform of Federal
benefits for millionaires</header>
<section id="id797B56D285554330832D9CDDEEC2D7BB"><enum>201.</enum><header>Ending
unemployment and supplemental nutrition assistance program benefits for
millionaires</header>
<subsection id="id77DE496783BB4830A23693613A4C7974"><enum>(a)</enum><header>Ending
unemployment benefits for millionaires</header>
<paragraph id="id22FB93F9329B496CB80FA3C091F3FE47"><enum>(1)</enum><header>In
general</header><text>Subtitle E of the Internal Revenue Code of 1986 is
amended by adding at the end the following new chapter:</text>
<quoted-block display-inline="no-display-inline" id="id793F4A7054F04BBC9F217FEE10820243" style="OLC">
<chapter id="idAF0A39FAF9454570854A8A15DCAE7BAA"><enum>56</enum><header>Excess
unemployment compensation</header>
<toc>
<toc-entry bold="off" level="section">Sec. 5895. Excess
unemployment compensation.</toc-entry>
</toc>
<section id="idE0FF359C21D24A0BB8128C0080763924"><enum>5895.</enum><header>Excess
unemployment compensation</header>
<subsection id="id29C52178F38646EA81DAF038575AC6E7"><enum>(a)</enum><header>Imposition of
tax</header><text>There is hereby imposed a tax equal to 100 percent of the
excess unemployment compensation received by a taxpayer in any taxable
year.</text>
</subsection><subsection id="idB8277052D810441D8976A780EA73FDBB"><enum>(b)</enum><header>Excess
unemployment compensation</header><text>For purposes of this section, the term
<term>excess unemployment compensation</term> means, with respect to any State,
the amount which bears the same ratio (not to exceed 1) to the amount of
unemployment compensation received by the taxpayer from such State in the
taxable year as—</text>
<paragraph id="id59D6BB9F7E1F4DBDAAB8472EBE149B41"><enum>(1)</enum><text>the excess
of—</text>
<subparagraph id="idCA0977E60A14489F91A01561A1108014"><enum>(A)</enum><text>the taxpayer's
adjusted gross income for such taxable year, over</text>
</subparagraph><subparagraph id="id5597DA641A6245868F798EF458E7A249"><enum>(B)</enum><text>$750,000
($1,500,000 in the case of a joint return), bears to</text>
</subparagraph></paragraph><paragraph id="idBEFF5C0A714743808C8660D2E62387E6"><enum>(2)</enum><text>$250,000
($500,000 in the case of a joint return).</text>
</paragraph></subsection><subsection id="id225D6A0462404F489741593E01D0EC37"><enum>(c)</enum><header>Additional
definitions</header><text>For purposes of this section—</text>
<paragraph id="id5EC7EF768C9C4006BCE3A9A4C9686065"><enum>(1)</enum><header>Adjusted gross
income</header><text>The term <term>adjusted gross income</term> has the
meaning given such term by section 62.</text>
</paragraph><paragraph id="idF449E5BB19324B0EA1EE9CBF078402F2"><enum>(2)</enum><header>Unemployment
compensation</header><text>The term <term>unemployment compensation</term> has
the meaning given such term by section 85(b).</text>
</paragraph></subsection><subsection id="id344513E28015492CBF6802BAEDD0E9CA"><enum>(d)</enum><header>Administrative
provisions</header><text>For purposes of the deficiency procedures of subtitle
F, any tax imposed by this section shall be treated as a tax imposed by
subtitle A.</text>
</subsection><subsection id="idDCD90E9C8E704D80B5C8E1985C09B1E5"><enum>(e)</enum><header>Transfer of tax
receipts</header><text>With respect to excess unemployment compensation
received by any taxpayer from a State, there is hereby appropriated to the
unemployment fund (as defined in section 3306(f)) of such State, an amount
equal to the amount of the tax imposed under subsection (a) on such excess
unemployment compensation received in the
Treasury.</text>
</subsection></section></chapter><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id44A6A67054914BB5B7B3F42BD0E6783A"><enum>(2)</enum><header>Tax not
deductible</header><text>Section 275(a) of the Internal Revenue Code of 1986 is
amended by inserting after paragraph (6) the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id39E52CE786E24B849149F6D5BB8D52F7" style="OLC">
<paragraph id="idAFE2778E247044B6B630C7BA38024599"><enum>(7)</enum><text>Tax imposed by
section
5895.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id5DCB23A5FA214B7C9ECAED01DE887457"><enum>(3)</enum><header>Clerical
amendment</header><text>The table of chapters for subtitle E of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
item:</text>
<quoted-block id="ida367e839-5be0-4dbf-9e01-a82bebb14d0a" style="OLC">
<toc>
<toc-entry idref="idAF0A39FAF9454570854A8A15DCAE7BAA" level="chapter">Chapter 56—Excess unemployment
compensation</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idB5377838ED664E1792511DC8E80749AD"><enum>(4)</enum><header>Effective
date</header><text>The amendments made by this subsection shall apply to
unemployment compensation received in taxable years beginning after December
31, 2011.</text>
</paragraph></subsection><subsection id="idFBDD98DBA93B470D95BF60D3B9684741"><enum>(b)</enum><header>Ending
supplemental nutrition assistance program benefits for millionaires</header>
<paragraph id="id2EFEDE6BF6064BDCBFB2E761BE5D55EF"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 6 of the Food
and Nutrition Act of 2008 (7 U.S.C. 2015) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="idB412B9D41F954E63AC91D3AAC10FCAE3" style="OLC">
<subsection id="id5797A4314F7B4771B892D8D1C4364699"><enum>(r)</enum><header>Disqualification
for receipt of assets of at least $1,000,000</header><text>Any household in
which a member receives income or assets with a fair market value of at least
$1,000,000 shall, immediately on the receipt of the assets, become ineligible
for further participation in the program until the date on which the household
meets the income eligibility and allowable financial resources standards under
section
5.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id7D8322E89991496E947FE62413E22DCF"><enum>(2)</enum><header>Conforming
amendments</header><text>Section 5(a) of the Food and Nutrition Act of 2008 (7
U.S.C. 2014(a)) is amended in the second sentence by striking <quote>sections
6(b), 6(d)(2), and 6(g)</quote> and inserting <quote>subsections (b), (d)(2),
(g), and (r) of section 6</quote>.</text>
</paragraph></subsection></section><section id="HB5D62DE1EE1D414E9A13D3662A6B4B6D"><enum>202.</enum><header>Increase in the
Medicare part B and D premiums for higher-income Medicare
beneficiaries</header>
<subsection commented="no" id="H84D3ECDEB0394960AD1B1D73F5E67D55"><enum>(a)</enum><header>Increase</header>
<paragraph commented="no" id="id16B45B0906584ED69E991403CF44398D"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 1839(i)(3) of
the Social Security Act (42 U.S.C. 1395r(i)(3)) is amended—</text>
<subparagraph commented="no" id="H76F3ABE594B4444E8FB644CFFBDF11B2"><enum>(A)</enum><text>in subparagraph
(A)(i), by inserting <quote>and year</quote> after
<quote>individual</quote>;</text>
</subparagraph><subparagraph commented="no" id="H905405D2A18E4C77A7E9F033731996B7"><enum>(B)</enum><text>in the table
specified in subparagraph (C)(i)—</text>
<clause commented="no" id="id0008F825155C47A3BD0DEFCC093D67ED"><enum>(i)</enum><text>in the fourth
row, by inserting <quote>but not more than $750,000</quote> after
<quote>$200,000</quote>; and</text>
</clause><clause commented="no" id="id375CBB13B26A4405B92C89D425C38100"><enum>(ii)</enum><text>by adding at the
end the following 2 new rows:</text>
<table align-to-level="section" blank-lines-before="1" colsep="1" frame="topbot" line-rules="hor-ver" rowsep="0" rule-weights="4.4.4.0.0.0" table-template-name="Generic: 1 text, 1 num" table-type="">
<tgroup cols="2" grid-typeface="1.1" rowsep="0" thead-tbody-ldg-size="10.10.12"><colspec coldef="txt" colname="column1" colnum="0" colwidth="269pts" min-data-value="200" rowsep="0"></colspec><colspec coldef="fig" colname="column2" colnum="1" colwidth="56pts" min-data-value="10" rowsep="0"></colspec>
<tbody>
<row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">More than $750,000 but not more
than $1,000,000</entry><entry align="right" colname="column2" rowsep="0">95
percent</entry>
</row>
<row><entry align="left" colname="column1" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">More than $1,000,000</entry><entry align="right" colname="column2" rowsep="0">100 percent</entry>
</row>
</tbody>
</tgroup>
</table>
</clause></subparagraph></paragraph><paragraph id="id18F0703EC241498096004E1A3A1F9F9C"><enum>(2)</enum><header>Effective
date</header><text>The amendments made by paragraph (1) shall apply to 2013 and
subsequent years.</text>
</paragraph></subsection><subsection id="id6E890523A8B34623BF7A4C64B989E44A"><enum>(b)</enum><header>Extension of
freeze on inflation adjustments</header><text display-inline="yes-display-inline">Section 1839(i)(6) of the Social Security
Act (42 U.S.C. 1395r(i)(6)) is amended, in the matter preceding subparagraph
(A), by striking <quote>December 31, 2019</quote> and inserting <quote>December
31, 2022</quote>.</text>
</subsection></section></subtitle><subtitle id="H2F7DB70DFC6F430489DCDFDA2946E89A"><enum>B</enum><header>Federal employee
provisions</header>
<section id="H3D9EB2B6DEA54D9E8339B99EE45B894F"><enum>211.</enum><header>Reduction in
the number of Federal employees</header>
<subsection id="H07A2C39749C14BBFA751A65DA1949701"><enum>(a)</enum><header>Definitions</header><text>In
this section—</text>
<paragraph id="idC603C002C32047468897366C356EC189"><enum>(1)</enum><text>the term
<term>agency</term> means an executive agency as defined under section 105 of
title 5, United States Code; and</text>
</paragraph><paragraph id="id0F8800CD9E68415B927F168D69300D63"><enum>(2)</enum><text>the term
<term>employee</term> has the meaning given that term under section 2105 of
title 5, United States Code.</text>
</paragraph></subsection><subsection id="H02E5931167F94B57BB6BFB1D74598E4A"><enum>(b)</enum><header>Determination of
number of employees</header><text display-inline="yes-display-inline">Not later
than 60 days after the date of enactment of this Act, the Director of the
Office of Management and Budget and the Director of the Office of Personnel
Management shall determine the number of full-time employees employed in each
agency. The head of each agency shall cooperate with the Director of the Office
of Management and Budget and the Director of the Office of Personnel Management
in making the determinations.</text>
</subsection><subsection id="H55C35ED82DB549829814D78FD7E892DB"><enum>(c)</enum><header>Replacement hire
rate</header>
<paragraph id="H8126977DCA354BF1B1097D00EA941302"><enum>(1)</enum><header>In
general</header><text>During the period described under paragraph (2), the head
of each agency may hire no more than 1 employee in that agency for every 3
full-time employees who leave employment in that agency.</text>
</paragraph><paragraph id="H016B2F9512D348C685FA2DF73ED99324"><enum>(2)</enum><header>Period of
replacement hire rate</header><text>Paragraph (1) shall apply to each agency
during the period beginning 60 days after the date of enactment of this Act and
ending on the date on which the Director of the Office of Management and Budget
and the Director of the Office of Personnel Management make a determination
that the number of full-time employees employed in that agency is 10 percent
less than the number of full-time employees employed in that agency determined
under subsection (b).</text>
</paragraph></subsection><subsection id="HB581E769475741E58C07F8FE01C5940C"><enum>(d)</enum><header>Waivers</header>
<paragraph id="id5C1EEE7D1BDD4DEDBB7C933A93308894"><enum>(1)</enum><header>In
general</header><text>This section may be waived upon a written determination
by the President that—</text>
<subparagraph id="HCA846BF8AF3A4BF09036AB3A8F1FEB7B"><enum>(A)</enum><text>the existence of a
state of war or other national security concern so requires; or</text>
</subparagraph><subparagraph id="H8F67CE6A57384899A5D5BA5025C5EA4C"><enum>(B)</enum><text>the existence of
an extraordinary emergency threatening life, health, public safety, property,
or the environment so requires.</text>
</subparagraph></paragraph><paragraph id="idC9BCF4488378476795ED401CD965B5E1"><enum>(2)</enum><header>Submission to
Congress</header><text>The President shall submit to Congress any written
determination under paragraph (1).</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="HB01010996EAC4443A5ACF8E79893BB44"><enum>212.</enum><header>Extension of
pay freeze for Federal employees</header>
<subsection id="H9854266743EF4C7EBD247349929D984D"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">Section 147 of the
Continuing Appropriations Act, 2011 (Public Law 111–242; 5 U.S.C. 5303 note) is
amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H7315E838B0194A7CB1963580A7AB99E5"><enum>(1)</enum><text>in subsection
(b)(1), by striking <quote>December 31, 2012</quote> and inserting
<quote>December 31, 2015</quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HE47CE0DC07FE48758195AC41DCB2D5F9"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (c), by striking
<quote>December 31, 2012</quote> and inserting <quote>December 31,
2015</quote>.</text>
</paragraph></subsection><subsection id="H8988595F78114DC68EEAED009D8EFCBE"><enum>(b)</enum><header>Clarification
that freeze applies to legislative branch</header>
<paragraph id="idFB1BB01E293E4F0B9A79601E6AF27F31"><enum>(1)</enum><header>Members of
Congress</header><text>Notwithstanding any other provision of law, no
adjustment shall be made under section 601(a) of the Legislative Reorganization
Act of 1946 (2 U.S.C. 31) (relating to cost of living adjustments for Members
of Congress) during the period beginning on the first day of the first pay
period beginning on or after February 1, 2013 and ending on December 31,
2015.</text>
</paragraph><paragraph id="idB097F0C098E644E7916509C466A1932E"><enum>(2)</enum><header>Legislative
branch employees</header>
<subparagraph id="id7D6A82AB7A2F49A0BDA719A72E228910"><enum>(A)</enum><header>Definition</header><text display-inline="yes-display-inline">In this paragraph, the term
<term>legislative branch employee</term> means—</text>
<clause id="id5EA6CD557E6741D1B2B8CFDAE49C20DB"><enum>(i)</enum><text display-inline="yes-display-inline">an employee whose pay is disbursed by the
Secretary of the Senate or the Chief Administrative Officer of the House of
Representatives; and</text>
</clause><clause id="id24999DB30957419A8B48975B83A00C65"><enum>(ii)</enum><text>an
employee of any agency established in the legislative branch.</text>
</clause></subparagraph><subparagraph id="id5EC81D6B9DE743E09847529E458EF1C6"><enum>(B)</enum><header>Freeze</header><text>Notwithstanding
any other provision of law, no cost of living adjustment required by statute
with respect to a legislative branch employee which (but for this subparagraph)
would otherwise take effect during the period beginning on the date of
enactment of this Act and ending on December 31, 2015 shall be made.</text>
</subparagraph></paragraph></subsection></section><section id="H6C97F1D63AE24E8DB5A93C7FEA0E2506"><enum>213.</enum><header>Reduction of
revised discretionary spending limits to achieve savings from Federal employee
provisions</header><text display-inline="no-display-inline">Section 251A(2) of
the Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C.
901a(2)) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="H71692BF699F247139D1862216DE17854" style="OLC">
<paragraph id="HFE633C02A9384B51A25C5F528A4DC47F"><enum>(2)</enum><header>Revised
discretionary spending limits</header><text display-inline="yes-display-inline">The discretionary spending limits for
fiscal years 2013 through 2021 under section 251(c) shall be replaced with the
following:</text>
<subparagraph id="HB0250EECDAD44DD5A3A2E6B425B0D1FF"><enum>(A)</enum><text display-inline="yes-display-inline">For fiscal year 2013—</text>
<clause id="HC664C2ED51D74651869D2808363F26FC"><enum>(i)</enum><text>for the revised
security category, $542,000,000,000 in budget authority; and</text>
</clause><clause id="H1B8C3FC7D75442EBAE19ED691B1FAF01"><enum>(ii)</enum><text>for the revised
nonsecurity category, $493,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="H116C92114B424490B48EBFB51542DF82"><enum>(B)</enum><text>For fiscal year
2014—</text>
<clause id="HA2300EBFA7184D38AE27C5A561990CE0"><enum>(i)</enum><text>for the revised
security category, $548,000,000,000 in budget authority; and</text>
</clause><clause id="H804140833D934A5DAADDC52178A6667B"><enum>(ii)</enum><text>for the revised
nonsecurity category, $497,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="H7272CA9155DC494386892A20380063FD"><enum>(C)</enum><text>For fiscal year
2015—</text>
<clause id="H8A2E490158FB4C3B83030A7F3E6B64D8"><enum>(i)</enum><text>for the revised
security category, $556,000,000,000 in budget authority; and</text>
</clause><clause id="H258928E1DE704965A8B31DF682770F27"><enum>(ii)</enum><text>for the revised
nonsecurity category, $503,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="HC2E1A09248F44A3EB36E834D7866CEB4"><enum>(D)</enum><text>For fiscal year
2016—</text>
<clause id="H80FB09538B2F42C28211E5E7D876634C"><enum>(i)</enum><text>for the revised
security category, $567,000,000,000 in budget authority; and</text>
</clause><clause id="H105628A24A7D4ADD819556BDCF8F617F"><enum>(ii)</enum><text>for the revised
nonsecurity category, $512,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="H5650FB3582554054A57876FD28A8FD81"><enum>(E)</enum><text>For fiscal year
2017—</text>
<clause id="HE4DD920D27534AB3846AAB1F033450DC"><enum>(i)</enum><text>for the revised
security category, $579,000,000,000 in budget authority; and</text>
</clause><clause id="HFDB795DCE98D476D8BF4D1CB193329AF"><enum>(ii)</enum><text>for the revised
nonsecurity category, $522,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="H60049565FFB04917A59FA8D10187B343"><enum>(F)</enum><text>For fiscal year
2018—</text>
<clause id="HA1C95DD51D02441CB3422F4A612E4EE3"><enum>(i)</enum><text>for the revised
security category, $592,000,000,000 in budget authority; and</text>
</clause><clause id="HD174A9C2B88843FB8327FF8EC227E922"><enum>(ii)</enum><text>for the revised
nonsecurity category, $534,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="HF64FA38D045B4DC7B07B6D358BF0AF3B"><enum>(G)</enum><text>For fiscal year
2019—</text>
<clause id="H1DD3EB1781EA4FCDB33988442043F253"><enum>(i)</enum><text>for the revised
security category, $605,000,000,000 in budget authority; and</text>
</clause><clause id="H176A69A6BC7D4ABAAE9A68C0D660D5C9"><enum>(ii)</enum><text>for the revised
nonsecurity category, $546,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="H3C5E0CFE8EB249668655E063EEC0D17E"><enum>(H)</enum><text>For fiscal year
2020—</text>
<clause id="H1204776A650648A482DC09FEFAAEAF3F"><enum>(i)</enum><text>for the revised
security category, $618,000,000,000 in budget authority; and</text>
</clause><clause id="HBB9FA6A32CE14308A2AF8AB0F6AF5982"><enum>(ii)</enum><text>for the revised
nonsecurity category, $557,000,000,000 in budget authority.</text>
</clause></subparagraph><subparagraph id="HF1BC063DCBEF409B9AAF9D6F943A990C"><enum>(I)</enum><text>For fiscal year
2021—</text>
<clause id="HD3850BC3BC7449ADA829CE8B01D4738C"><enum>(i)</enum><text>for the revised
security category, $632,000,000,000 in budget authority; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="HE9BFD9A9D0D54782A28F605DCDE7D15B"><enum>(ii)</enum><text>for the revised
nonsecurity category, $568,000,000,000 in budget
authority.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section></subtitle><subtitle id="id4B935BDE4D6C49278CB220F4E8178355"><enum>C</enum><header>Buffett Rule Act
of 2011</header>
<section id="idFAC721B5B3C84953BF64865738354880"><enum>221.</enum><header>Short
title</header><text display-inline="no-display-inline">This title may be cited
as the <quote><short-title>Buffett Rule Act of
2011</short-title></quote>.</text>
</section><section id="H18D74273B7734159855E261D54473B27" section-type="subsequent-section"><enum>222.</enum><header>Donation to pay down
national debt</header>
<subsection id="H9FD0C21147F349AA897A032107260501"><enum>(a)</enum><header>In
general</header><text>Subchapter A of chapter 61 of the Internal Revenue Code
of 1986 is amended by adding at the end the following new part:</text>
<quoted-block display-inline="no-display-inline" id="HAAC8A1C0C98547ECA28DA30D922692DC" style="OLC">
<part id="H0401624A894546619A1D550FB9538353"><enum>IX</enum><header>Donations to pay
down national debt</header>
<toc container-level="part-container" idref="H0401624A894546619A1D550FB9538353" lowest-bolded-level="division-lowest-bolded" lowest-level="section" quoted-block="no-quoted-block" regeneration="yes-regeneration">
<toc-entry idref="H371D05A5E74E42C29AA9BBB995CD27A0" level="section">Sec. 6097. Donation to pay down national debt.</toc-entry>
</toc>
<section id="H371D05A5E74E42C29AA9BBB995CD27A0"><enum>6097.</enum><header>Donation to
pay down national debt</header>
<subsection id="H3408E90E146F434D878E00CAB8ED40C7"><enum>(a)</enum><header>General
rule</header><text display-inline="yes-display-inline">Every taxpayer who makes
a return of the tax imposed by subtitle A for any taxable year may donate an
amount (not less than $1), in addition to any payment of tax for such taxable
year, which shall be deposited in the general fund of the Treasury.</text>
</subsection><subsection id="HFD6A584FFEC94C68B4BE63D281C9E07E"><enum>(b)</enum><header>Manner and time
of designation</header><text>Any donation under subsection (a) for any taxable
year—</text>
<paragraph id="H6504E85D7EB847B89880A4A2922B214D"><enum>(1)</enum><text display-inline="yes-display-inline">shall be made at the time of filing the
return of the tax imposed by subtitle A for such taxable year and in such
manner as the Secretary may by regulation prescribe, except that—</text>
<subparagraph id="HD9AF7FCD5AC14A08AE137F669D4820B7"><enum>(A)</enum><text>the designation
for such donation shall be either on the first page of the return or on the
page bearing the taxpayer’s signature, and</text>
</subparagraph><subparagraph id="H7FC2C3D358ED4149993FB57B3A04F60E"><enum>(B)</enum><text>the designation
shall be by a box added to the return, and the text beside the box shall
provide:</text>
<quoted-block display-inline="no-display-inline" id="H6083013F7D064246B1BCFDD197C15FB2" style="OLC">
<table align-to-level="section" blank-lines-before="1" colsep="0" frame="none" line-rules="no-gen" rowsep="0" rule-weights="0.0.0.0.0.0" table-template-name="Generic: 1 text" table-type="">
<tgroup cols="1" grid-typeface="1.1" rowsep="0" thead-tbody-ldg-size="0.10.12"><colspec coldef="txt-no-ldr" colname="column1" colsep="0" colwidth="336pts" min-data-value="300" rowsep="0"></colspec>
<tbody>
<row><entry align="left" colname="column1" leader-modify="clr-ldr" rowsep="0" stub-definition="txt-ldr" stub-hierarchy="1">By checking here, I signify that in addition to my tax
liability, I would like to donate the included payment to be used exclusively
for the purpose of paying down the national debt.</entry>
</row>
</tbody>
</tgroup></table>
<after-quoted-block>,
</after-quoted-block></quoted-block>
</subparagraph><continuation-text continuation-text-level="paragraph">and</continuation-text></paragraph><paragraph id="HEF5447CC09B14917A007757C3E445758"><enum>(2)</enum><text>shall be
accompanied by a payment of the amount so designated.</text>
</paragraph></subsection><subsection id="H9855B410D2A74C20A3514CD699532C74"><enum>(c)</enum><header>Treatment of
amounts donated</header><text>For purposes of this title, the amount donated by
any taxpayer under subsection (a) shall be treated as a contribution made by
such taxpayer to the United States on the last date prescribed for filing the
return of tax imposed by subtitle A (determined without regard to extensions)
or, if later, the date the return is filed.</text>
</subsection><subsection display-inline="no-display-inline" id="H072AC593199F4775804FCF885210B33C"><enum>(d)</enum><header>Transfers to
account To reduce public debt</header><text>The Secretary shall, from time to
time, transfer to the special account established by section 3113(d) of title
31, United States Code, amounts equal to the amounts donated under this
section.</text>
</subsection></section></part><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="H0633ED557F164EA9A5520C5B2890BA87"><enum>(b)</enum><header>Clerical
amendment</header><text>The table of parts for subchapter A of such chapter is
amended by adding at the end the following new item:</text>
<quoted-block display-inline="no-display-inline" id="H55B112EA435D49DAADD51DEAFCA6C1F5" style="OLC">
<toc regeneration="no-regeneration">
<toc-entry level="part">Part IX. Donations To Pay Down National
Debt</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="HE9574115A508432E81CDCC689AF262CE"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to returns
for taxable years ending after December 31, 2011.</text>
</subsection></section></subtitle>
December 1, 2011
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calendar