H.R.1336 - Voluntary Debt Reduction Act of 2013

To amend the Internal Revenue Code of 1986 to provide for taxpayers making gifts with their returns of income tax to the Federal Government to pay down the public debt. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to provide for taxpayers making gifts with their returns of income tax to the Federal Government to pay down the public debt. as introduced.
  • Short: Voluntary Debt Reduction Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/21/13
 
 
 
 
 
 
 

Sponsor

Representative

Rodney Davis

R-IL

View Co-Sponsors (5)

Official Summary

Voluntary Debt Reduction Act of 2013 - Amends the Internal Revenue Code to allow taxpayers to donate an amount (not less than $1) or designate a portion of any overpayment of tax (not less than $1) to be donated, in addition to any tax owed, which shall be deposited in the general fund of t

Official Summary

Voluntary Debt Reduction Act of 2013 - Amends the Internal Revenue Code to allow taxpayers to donate an amount (not less than $1) or designate a portion of any overpayment of tax (not less than $1) to be donated, in addition to any tax owed, which shall be deposited in the general fund of the Treasury and transferred to an account used to reduce the public debt.  Requires such donation to be designated on a taxpayer's income tax return at the time such return is filed.

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