[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1336 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1336

  To amend the Internal Revenue Code of 1986 to provide for taxpayers 
making gifts with their returns of income tax to the Federal Government 
                      to pay down the public debt.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 21, 2013

Mr. Rodney Davis of Illinois (for himself, Ms. Fudge, and Mr. Stivers) 
 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 provide for taxpayers 
making gifts with their returns of income tax to the Federal Government 
                      to pay down the public debt.

    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 ``Voluntary Debt Reduction Act of 
2013''.

SEC. 2. GIFTS TO PAY DOWN NATIONAL DEBT.

    (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:

               ``PART IX--GIFTS TO PAY DOWN NATIONAL DEBT

``Sec. 6097. Gifts to pay down national debt.

``SEC. 6097. GIFTS TO PAY DOWN NATIONAL DEBT.

    ``(a) General Rule.--Every taxpayer who makes a return of the tax 
imposed by subtitle A for any taxable year may--
            ``(1) donate an amount (not less than $1), in addition to 
        any payment of tax for such taxable year, or
            ``(2) designate a portion of any overpayment of tax (not 
        less than $1) to be donated,
which shall be deposited in the general fund of the Treasury.
    ``(b) Manner and Time of Designation.--Any donation under 
subsection (a) for any taxable year--
            ``(1) 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 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
            ``(2) in the case of a donation of cash, shall be 
        accompanied by a payment of the amount so designated.
    ``(c) Treatment of Amounts Donated.--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.
    ``(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.
    ``(e) Transfers to Account To Reduce Public Debt.--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.''.
    (b) Clerical Amendment.--The table of parts for subchapter A of 
such chapter is amended by adding at the end the following new item:

             ``Part IX. Gifts To Pay Down National Debt.''.

    (c) Effective Date.--The amendments made by this section shall 
apply to returns for taxable years ending after December 31, 2012.
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