Homeless Veterans Assistance Fund Act of 2017

Summary: Homeless Veterans Assistance Fund Act of 2017  This bill amends the Internal Revenue Code to: (1) establish in the Treasury the Homeless Veterans Assistance Fund to provide services to homeless veterans; (2) allow individual taxpayers to designate on their tax returns a portion of any overpayment of tax or an additional contribution for the fund; and (3) require the Departments of Veterans Affairs, Labor, and Housing and Urban Development, to include in the President's budget, beginning with FY2019, a description of the uses of the fund during the previous fiscal year and the proposed uses for the next fiscal year. 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Homeless Veterans Assistance Fund 
Act of 2017''.

SEC. 2. 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:

   ``PART IX--CONTRIBUTIONS TO THE HOMELESS VETERANS ASSISTANCE FUND

``Sec. 6098. Contributions to the Homeless Veterans Assistance Fund.

``SEC. 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--
            ``(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, and
            ``(2) in addition to any payment (if any) under paragraph 
        (1), may make a contribution to the United States of an 
        additional amount which shall be paid over to such Fund.
    ``(b) Manner and Time of Designation and Contribution.--A 
designation and contribution 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 and contribution 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:

``SEC. 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 and contributed under section 6098.
    ``(c) Expenditures.--
            ``(1) In general.--Subject to paragraphs (2) and (3), 
        amounts in the Homeless Veterans Assistance Fund shall be 
        available (and shall remain available until expended) to the 
        Department of Veterans Affairs, in consultation with 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, through--
                    ``(A) the development and implementation of new and 
                innovative strategies to prevent and end veteran 
                homelessness, and
                    ``(B) any homeless veteran program administered by 
                the Department of Veterans Affairs, the Department of 
                Labor Veterans' Employment and Training Service, and 
                the Department of Housing and Urban Development.
            ``(2) Additional allocations.--The Secretary of Veterans 
        Affairs is authorized to make transfers from the amounts 
        described in paragraph (1) to the Department of Labor Veterans' 
        Employment and Training Service and the Department of Housing 
        and Urban Development for the purpose of supporting programs 
        that serve homeless veterans.
            ``(3) Advance notice.--The Secretary of Veterans Affairs, 
        in collaboration with the Secretary of Labor and the Secretary 
        of Housing and Urban Development, shall submit a detailed 
        expenditure plan for any amounts in the Homeless Veterans 
        Assistance Fund to the Committees on Veterans' Affairs and 
        Committees on Appropriations of the House of Representatives 
        and of the Senate not later than 60 days prior to any 
        expenditure of such amounts.
    ``(d) President's Annual Budget Information.--Beginning with the 
President's annual budget submission for fiscal year 2019 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:

  ``Part 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.