H.R.3780 - Small Contribution Tax Credit Reform Act of 198599th Congress (1985-1986)
|Sponsor:||Rep. McHugh, Matthew F. [D-NY-28] (Introduced 11/19/1985)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 11/19/1985 Referred to House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3780 — 99th Congress (1985-1986)All Information (Except Text)
Introduced in House (11/19/1985)
Small Contribution Tax Credit Reform Act of 1985 - Amends the the Internal Revenue Code to repeal the income tax credit for contributions to presidential, state, and local candidates, political action committees, and newsletter fund contributions.
Allows an income tax credit for congressional candidate contributions. Limits the amount of such credit to $100 for a taxable year ($200 in the case of a joint return).