Q: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
SECTION 1. SHORT TITLE.

This Act may be cited as the ''Voting Equipment Modernization Act
of 2001''.

SEC. 2. DESIGNATION OF INCOME TAX PAYMENTS TO ELECTION ADMINISTRATION
IMPROVEMENT FUND.

(a) In General.--Subchapter A of chapter 61 of the Internal Revenue
Code of 1986 (relating to information and returns) is amended by adding
at the end the following new part:

''PART IX--DESIGNATION OF INCOME TAX PAYMENTS TO ELECTION
ADMINISTRATION IMPROVEMENT FUND

''Sec. 6098. Designation to Election
Administration Improvement
Fund.

''SEC. 6098. DESIGNATION TO ELECTION ADMINISTRATION IMPROVEMENT FUND.

''(a) In General.--Every individual (other than a nonresident
alien) whose adjusted income tax liability for the taxable year is $1
or more may designate that $1 shall be paid over to the Election
Administration Improvement Fund in accordance with the provisions of
section 9511. In the case of a joint return of husband and wife having
an adjusted income tax liability of $2 or more, each spouse may
designate that $1 shall be paid to the fund.
''(b) Adjusted Income Tax Liability.--For purposes of subsection
(a), the term 'adjusted income tax liability' means, for any individual
for any taxable year, the excess (if any) of--
''(1) the income tax liability (as defined in section
6096(b)) of the individual for the taxable year, over
''(2) any amount designated by the individual (and, in the
case of a joint return, any amount designated by the
individual's spouse) under section 6096(a) for such taxable
year.
''(c) Manner and Time of Designation.--A designation 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, 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.
''(d) Termination.--Designations may be made under this section for
taxable years beginning after December 31, 2001, and ending before
January 1, 2004.''
(b) Election Administration Improvement Fund.--Subchapter A of
chapter 98 of such Code (relating to establishment of trust funds) is
amended by adding at the end the following new section:

''SEC. 9511. ELECTION ADMINISTRATION IMPROVEMENT FUND.

''(a) Creation of Trust Fund.--There is established in the Treasury
of the United States a trust fund to be known as the 'Election
Administration Improvement 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 Election Administration Improvement Fund amounts equivalent to the
amounts designated under section 6098.
''(c) Expenditures.--Amounts in the Election Administration
Improvement Fund shall be available, as provided in appropriation Acts,
for purposes of making payments to States under subsection (d), to the
extent that such amounts exceed the aggregate of all Federal
administrative costs attributable to the implementation of section
6098, subsections (a) and (b) of this section, and (with respect to
such fund) section 9602.
''(d) Payments to States.--
''(1) In general.--From the amounts available pursuant to
subsection (c) for a fiscal year, the Federal Election
Commission shall make a payment to each State for carrying out
activities to improve the administration of elections for
Federal office, including the purchase and maintenance of
improved voting equipment and technology, in accordance with
such criteria as the Commission may establish by regulation.
''(2) Amount of payment.--The amount of the payment made to
a State for a fiscal year under this subsection shall be equal
to the product of--
''(A) the total amount available for payments under
this subsection for the fiscal year; and
''(B) the amount (expressed as a percentage) equal
to the population of the State divided by the total
population of all States.
''(3) State defined.--In this subsection, the term 'State'
means each of the several States and the District of
Columbia.''
(c) Clerical Amendments.--
(1) The table of parts for subchapter A of chapter 61 of
such Code is amended by adding at the end the following new
item:

''Part IX. Designation of income tax
payments to Election
Administration Improvement
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. 9511. Election Administration
Improvement Fund.''
(d) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2001.
A:
Voting Equipment Modernization Act of 2001 - Amends the Internal Revenue Code to permit, for a two year period, taxpayers to check-off one dollar to be paid into the Election Administration Improvement Fund (established by this Act) which shall provide funding to States for carrying out activities to improve the administration of elections for Federal office, including the purchase and maintenance of improved voting equipment and technology.