I
104TH CONGRESS
1ST SESSION
H. R. 2246
To amend the Internal Revenue Code of 1986 to provide for designation
of overpayments and contributions to the United States Library Trust
Fund, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
AUGUST 4, 1995
Mr. SERRANO 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 designation of overpayments and contributions to the
United States Library Trust Fund, and for other pur-
poses.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘United States Library
Trust Fund Act’’.
SEC. 2. UNITED STATES LIBRARY TRUST FUND.
(a) DESIGNATION
OF OVERPAYMENTS
AND CON-
TRIBUTIONS
FOR
UNITED
STATES
LIBRARY
TRUST
FUND.—Subchapter A of chapter 61 of the Internal Reve-
nue Code of 1986 is amended by adding at the end the
following new part:
‘‘PART 
IX—DESIGNATION 
OF 
OVERPAYMENTS
AND CONTRIBUTIONS FOR UNITED STATES
LIBRARY TRUST FUND
‘‘Sec. 6097. Designation.
‘‘SEC. 6097. DESIGNATION.
‘‘(a) IN GENERAL.—In the case of an individual, with
respect to each return of the taxpayer for the taxable year
of the tax imposed by chapter 1, such taxpayer may des-
ignate that—
‘‘(1) $1 of any overpayment of tax for such tax-
able year, and
‘‘(2) any cash contribution which the taxpayer
includes with such return,
shall be paid over to the United States Library Trust
Fund in accordance with the provisions of section 9512.
In the case of a joint return with respect to which an over-
payment of $2 or more is due, each spouse may designate
that $1 shall be paid to such trust fund.
‘‘(b) MANNER AND TIME OF DESIGNATION.—A des-
ignation 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 the time of filing
the return of the tax imposed by chapter 1 for such
taxable year) specified in regulations prescribed by
the Secretary.
Such designation shall be made in such manner as the
Secretary prescribes by regulations except that such des-
ignation shall be made either on the first page of the re-
turn 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
being refunded to the taxpayer as of the last date pre-
scribed for filing the return of tax imposed by chapter 1
(determined without regard to extensions).’’
(b) CREATION OF TRUST FUND.—Subchapter A of
chapter 98 of such Code is amended by adding at the end
the following new section:
‘‘SEC. 9512. UNITED STATES LIBRARY TRUST FUND.
‘‘(a) CREATION OF TRUST FUND.—There is estab-
lished in the Treasury of the United States a trust fund
to be known as the ‘United States Library Trust Fund’,
consisting of such amounts as may be credited or paid to
such trust fund as provided in section 6097.
‘‘(b) TRANSFERS TO TRUST FUND.—There are here-
by appropriated to the United States Library Trust Fund
amounts equivalent to—
‘‘(1) the amounts of the overpayments of tax to
which designations under section 6097 apply, and
‘‘(2) the amounts of contributions made under
such section to such trust fund.
‘‘(c) EXPENDITURES FROM TRUST FUND.—Amounts
in the United States Library Trust Fund shall be avail-
able, as provided in appropriation Acts, only for purposes
of making expenditures to carry out section 3 of the Unit-
ed States Library Trust Fund Act.’’
(c) CLERICAL AMENDMENTS.—
(1) The table of parts for subchapter A of chap-
ter 61 of such Code is amended by adding at the
end the following new item:
‘‘Part IX. Designation of overpayments and contributions for
United States Library Trust 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. United States Library Trust Fund.’’
(d) EFFECTIVE DATE.—The amendments made by
this section shall apply to taxable years ending after the
date of the enactment of this Act.