Summary: H.R.4070 — 98th Congress (1983-1984)All Information (Except Text)

There is one summary for H.R.4070. Bill summaries are authored by CRS.

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Introduced in House (10/04/1983)

Amends the Internal Revenue Code to require income tax returns to include space designated for the taxpayer to specify the amount of cash contributions, if any, which the taxpayer wishes to make to the Federal Government to reduce the public debt. Requires the transfer of amounts designated for this purpose to a special account to be used to reduce the public debt.