< Back to H.R. 1541 (112th Congress, 2011–2013)

Text of the Put Your Money Where Your Mouth Is Act of 2011

This bill was introduced on April 14, 2011, in a previous session of Congress, but was not enacted. The text of the bill below is as of Apr 14, 2011 (Introduced).

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Source: GPO

I

112th CONGRESS

1st Session

H. R. 1541

IN THE HOUSE OF REPRESENTATIVES

April 14, 2011

(for himself, Mr. Rigell, Mr. Stutzman, Mr. Yoder, Mr. Pearce, Mr. Flake, Mr. Bartlett, Mr. Lamborn, Mr. Gibbs, Mr. Daniel E. Lungren of California, Mr. Benishek, Mr. Fleming, Mr. King of Iowa, Mr. Burton of Indiana, Mr. Gohmert, Mr. Huizenga of Michigan, Mr. Gingrey of Georgia, Mr. McKinley, Mr. Gosar, and Mr. Walberg) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to allow taxpayers to make contributions to the Federal Government on their income tax returns.

1.

Short title

This Act may be cited as the Put Your Money Where Your Mouth Is Act of 2011.

2.

Donation to the Federal Government through the income tax system

(a)

General Rule

Subchapter A of chapter 61 of the Internal Revenue Code of 1986 (relating to returns and records) is amended by adding at the end the following new part:

IX

DONATION TO THE FEDERAL GOVERNMENT

Sec. 6097. Donation to the Federal Government.

6097.

Donation to the Federal Government

(a)

General Rule

Every taxpayer who makes a return of the tax imposed by subtitle A for any taxable year may designate that an amount (not less than $1) in addition to any payment of tax for such taxable year shall be deposited in the general fund of the Treasury and shall be made available as provided in appropriation Acts.

(b)

Manner and Time of Designation

Any designation under subsection (a) for any taxable year—

(1)

shall be made at the time of filing the return of the tax imposed by subtitle A for such taxable year and in such manner as the Secretary may by regulation prescribe, except that such designation shall be made either on the first page of the return or on the page bearing the taxpayer’s signature, and

(2)

shall be accompanied by a payment of the amount so designated.

(c)

Treatment of Amounts Designated

For purposes of this title, the amount designated by any taxpayer under subsection (a) shall be treated as a contribution made by such taxpayer to the United States on the last date prescribed for filing the return of tax imposed by subtitle A (determined without regard to extensions) or, if later, the date the return is filed.

.

(b)

Clerical Amendment

The table of parts for subchapter A of chapter 61 of such Code is amended by adding at the end thereof the following new item:

Part IX. Donation to the Federal Government

.

(c)

Effective Date

The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.