Text: H.R.168 — 115th Congress (2017-2018)All Bill Information (Except Text)

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Introduced in House (01/03/2017)


115th CONGRESS
1st Session
H. R. 168


To amend the Internal Revenue Code of 1986 to allow individuals to designate overpayments of income tax for disaster relief.


IN THE HOUSE OF REPRESENTATIVES

January 3, 2017

Mr. Hastings introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend the Internal Revenue Code of 1986 to allow individuals to designate overpayments of income tax for disaster relief.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Donate for Disaster Relief Act of 2017”.

SEC. 2. Designation of overpayments for disaster relief.

(a) In general.—Subchapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part:


“Sec. 6098. Designation of overpayments for disaster relief.

“SEC. 6098. Designation of overpayments for disaster relief.

“(a) In general.—Every individual, with respect to the taxpayer’s return for the taxable year of the tax imposed by chapter 1, may designate that a specified portion (not less than $1) of any overpayment of such tax be paid over to the Disaster Relief Fund.

“(b) 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 such time of filing) 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.

“(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—

“(1) being refunded to the taxpayer as of the last date prescribed for filing the return of tax imposed by chapter 1 (determined without regard to extensions) or, if later, the date the return is filed, and

“(2) a contribution made by such taxpayer on such date to the United States.”.

(b) Disaster relief fund.—Subchapter A of chapter 98 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section:

“SEC. 9512. Disaster relief fund.

“(a) Creation of trust fund.—There is established in the Treasury of the United States a trust fund to be known as the ‘Disaster Relief 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 Disaster Relief Fund amounts equivalent to the amounts designated under section 6098.

“(c) Expenditures.—Amounts in the Disaster Relief Fund shall be available, as provided in appropriation Acts, to supplement funds appropriated for disaster relief provided for major disasters declared pursuant to the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.).”.

(c) Clerical amendments.—

(1) The table of parts for subchapter A of chapter 61 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:

(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. Disaster relief fund.”.

(d) Effective date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.