I

106TH CONGRESS

2D SESSION H. R. 4882

To amend the Internal Revenue Code of 1986 to provide that only aftertax contributions may be made to the Presidential Election Campaign

Fund and that taxpayers may designate contributions for a particular

national political party, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

JULY 18, 2000

Mr. WATTS of Oklahoma introduced the following bill; which was referred to

the Committee on Ways and Means, and in addition to the Committee

on House Administration, for a period to be subsequently determined by

the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To amend the Internal Revenue Code of 1986 to provide

that only after-tax contributions may be made to the

Presidential Election Campaign Fund and that taxpayers

may designate contributions for a particular national political party, and for other purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Election Fund Free

5 Choice and Savings Act of 2000’’.
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1 SEC. 2. CONTRIBUTIONS TO PRESIDENTIAL ELECTION

2 CAMPAIGN FUND.

3 (a) IN GENERAL.—Part VIII of subchapter A of

4 chapter 61 of the Internal Revenue Code of 1986 (relating

5 to designation of income tax payments to Presidential

6 Election Campaign Fund) is amended to read as follows:

7 ‘‘PART VIII—CONTRIBUTIONS TO PRESIDENTIAL

8 ELECTION CAMPAIGN FUND

‘‘Sec. 6096. Contributions by individuals.

9 ‘‘SEC. 6096. CONTRIBUTIONS BY INDIVIDUALS.

10 ‘‘(a) IN GENERAL.—Every individual may designate

11 for the taxable year—

12 ‘‘(1) that $3 ($6 in the case of a joint return)

13 of the amounts described in subsection (b) be paid

14 over to the Presidential Election Campaign Fund in

15 accordance with the provisions of section 9006(a),

16 and

17 ‘‘(2) that any whole dollar amount of the

18 amount so paid over shall be paid by such Fund to

19 any major party or minor party (as such terms are

20 defined in section 9002) specified by such individual.

21 ‘‘(b) AMOUNTS WHICH MAY BE DESIGNATED.—The

22 amounts described in this subsection are—

23 ‘‘(1) any overpayment of the tax imposed by

24 chapter 1 for the taxable year, and
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1 ‘‘(2) any cash contribution which the taxpayer

2 includes with the taxpayer’s return of such tax for

3 the taxable year.

4 ‘‘(c) MANNER AND TIME OF DESIGNATION.—A des5 ignation under subsection (a) may be made only at the

6 time of filing the return of the tax imposed by chapter

7 1 for the taxable year. Such designation shall be made

8 in such manner as the Secretary prescribes by regulations

9 except that such designation shall be made either on the

10 first page of the return or on the page bearing the tax11 payer’s signature.

12 ‘‘(d) OVERPAYMENTS TREATED AS REFUNDED.—

13 For purposes of this title, any portion of an overpayment

14 of tax designated under subsection (a) shall be treated as

15 being refunded to the taxpayer as of the last date pre16 scribed for filing the return of tax imposed by chapter 1

17 (determined without regard to extensions) or, if later, the

18 date the return is filed.’’

19 (b) CONFORMING AMENDMENTS.—

20 (1) PAYMENTS TO PARTIES.—Section 9006 of

21 such Code is amended by adding at the end the fol22 lowing new subsection:

23 ‘‘(d) PAYMENT OF DESIGNATED AMOUNTS TO PAR24 TIES.—In addition to any other accounts maintained in

25 the Fund, the Secretary shall maintain in the Fund a sep-
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1 arate account for the national committee of each major

2 party and minor party for the receipt of amounts des3 ignated by individuals under section 6096(a)(2), and shall

4 deposit in each such account amounts equal to the

5 amounts so designated.’’.

6 (2) OTHER CONFORMING AMENDMENTS.—(A)

7 The first sentence of section 9006(b) of such Code

8 is amended by inserting after ‘‘fund’’ the following:

9 ‘‘(drawing from amounts designated by individuals

10 under section 6096(a)(1))’’.

11 (B) The third sentence of section 9008(a) of

12 such Code is amended by striking ‘‘section 6096’’

13 and inserting ‘‘section 6096(a)(1)’’.

14 (C) The second sentence of section 9037(a) of

15 such Code is amended by striking ‘‘account,’’ and in16 serting the following: ‘‘account (drawing from

17 amounts designated by individuals under section

18 6096(a)(1)),’’.

19 (c) CLERICAL AMENDMENT.—The item relating to

20 part VIII in the table of parts for subchapter A of chapter

21 61 of such Code is amended to read as follows:

‘‘Part VIII. Contributions to Presidential Election Campaign

Fund.’’
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1 (d) EFFECTIVE DATE.—The amendments made by

2 this section shall apply to taxable years beginning after

3 December 31, 2000.

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