Summary: H.R.171 — 103rd Congress (1993-1994)All Information (Except Text)

There is one summary for H.R.171. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/05/1993)

Amends the Internal Revenue Code to terminate the authority for individuals to designate income tax payments to the Presidential Election Campaign Fund.

Allows individual taxpayers to designate a portion of any tax overpayment (not less than one dollar) and to make cash contributions with their tax returns to reduce the public debt.

Allows individuals who do not itemize deductions a deduction for contributions to reduce the public debt.