Homeless Veterans Assistance Fund Act of 2017

To amend the Internal Revenue Code of 1986 to allow taxpayers to designate overpayments of tax as contributions and to make additional contributions to the Homeless Veterans Assistance Fund, and for other purposes. 1. Short title This Act may be cited as the Homeless Veterans Assistance Fund Act of 2017 2. Contributions to the Homeless Veterans Assistance Fund (a) In general Subchapter A of chapter 61 IX Contributions to the Homeless Veterans Assistance Fund Sec. 6098. Contributions to the Homeless Veterans Assistance Fund. 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 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 (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 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.

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.