[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3125 Introduced in Senate (IS)]
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116th CONGRESS
1st Session
S. 3125
To amend the Internal Revenue Code of 1986 to allow for contributions
to the Alzheimer's Research and Caregiving Trust Fund, and for other
purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
December 19, 2019
Mr. Blumenthal 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 for contributions
to the Alzheimer's Research and Caregiving Trust Fund, 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. ALZHEIMER'S RESEARCH AND CAREGIVING TRUST FUND.
(a) In General.--Subchapter A of chapter 98 of the Internal Revenue
Code of 1986 is amended by adding at the end the following new section:
``SEC. 9512. ALZHEIMER'S RESEARCH AND CAREGIVING TRUST FUND.
``(a) Creation of Trust Fund.--There is established in the Treasury
of the United States a trust fund to be known as the `Alzheimer's
Research and Caregiving Trust Fund' (referred to in this section as the
`Trust Fund'), consisting of such amounts as may be appropriated or
credited to such Trust Fund as provided in this section or section
9602(b).
``(b) Transfers to Trust Fund.--There are hereby appropriated to
the Trust Fund amounts equivalent to the amounts contributed under
section 6097.
``(c) Expenditures.--
``(1) In general.--Subject to paragraph (2), amounts in the
Trust Fund shall be available, without further appropriation,
as follows:
``(A) Fifty percent to the National Institutes of
Health to conduct or support research regarding the
treatment or cure of Alzheimer's disease pursuant to
the Alzheimer's Disease and Related Dementias Research
Act of 1992.
``(B) Fifty percent to the Administration on Aging
for education, counseling, respite, and other
supportive services under the Older Americans Act of
1965 for the benefit of individuals with Alzheimer's
disease and their families, caregivers, and health care
professionals.
``(2) Additional funding.--The amounts made available under
paragraph (1) shall be--
``(A) in addition to any other amounts appropriated
to the National Institutes of Health or the
Administration on Aging for any purposes described in
such paragraph under any other provisions of law, and
``(B) used to supplement and not supplant such
other amounts.''.
(b) Clerical Amendment.--The table of sections for subchapter A of
chapter 98 of the Internal Revenue Code of 1986 is amended by adding at
the end the following new item:
``Sec. 9512. Alzheimer's Research and Caregiving Trust Fund.''.
SEC. 2. CONTRIBUTION TO THE ALZHEIMER'S RESEARCH AND CAREGIVING TRUST
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:
``PART IX--CONTRIBUTION TO THE ALZHEIMER'S RESEARCH AND CAREGIVING
TRUST FUND
``Sec. 6097. Contribution to the Alzheimer's Research and Caregiving
Trust Fund.
``SEC. 6097. CONTRIBUTION TO THE ALZHEIMER'S RESEARCH AND CAREGIVING
TRUST FUND.
``Every individual may elect, at the time of filing the return of
the tax imposed by chapter 1, to contribute a whole dollar amount to be
paid over to the Alzheimer's Research and Caregiving Trust Fund.''.
(b) Clerical Amendment.--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:
``Part IX. Contribution to the Alzheimer's Research and Caregiving
Trust Fund''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years ending after December 31, 2019.
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