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H.R. 1996 (104th): United States Olympic Checkoff Act of 1995

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jun 30, 1995.


United States Olympic Checkoff Act of 1995 - Amends the Internal Revenue Code to: (1) establish the United States Olympic Trust Fund; (2) permit an individual to designate one dollar of any tax overpayment for such Fund; (3) permit an individual to make cash contributions to such Fund; and (4) direct the Secretary of the Treasury to pay amounts in the Fund, less administrative expenses, to the U.S. Olympic Committee.