To amend the Internal Revenue Code of 1986 to provide for taxpayers making donations with their returns of income tax to the Federal Government to pay down the public debt.
‘(c) Treatment of Amounts Donated- For purposes of this title, the amount donated by any taxpayer under subsection (a) shall be treated as a contribution made by such taxpayer to the United States on the last date prescribed for filing the return of tax imposed by subtitle A (determined without regard to extensions) or, if later, the date the return is filed.
‘(d) Transfers to Account Tto Reduce Public Debt- The Secretary shall, from time to time, transfer to the special account established by section 3113(d) of title 31, United States Code, amounts equal to the amounts donated under this section.’.
(b) Clerical Amendment- The table of parts for subchapter A of such chapter is amended by adding at the end the following new item:
Passed the House of Representatives September 19, 2012.
Attest:
Clerk.
112th CONGRESS
2d Session
H. R. 6410
AN ACT
To amend the Internal Revenue Code of 1986 to provide for taxpayers making donations with their returns of income tax to the Federal Government to pay down the public debt.
U.S. Congress - Text of H.R.6410 as Engrossed in House Buffett Rule Act of 2012
