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H.R. 3099 (112th): Buffett Rule Act of 2011

The text of the bill below is as of Oct 5, 2011 (Introduced). The bill was not enacted into law.



1st Session

H. R. 3099


October 5, 2011

(for himself, Mr. Campbell, Mr. Gingrey of Georgia, Mr. Harris, Mr. Stutzman, Mrs. Myrick, Mrs. Blackburn, Mr. Flores, and Mr. Brooks) introduced the following bill; which was referred to the Committee on Ways and Means


To amend the Internal Revenue Code of 1986 to provide for taxpayers making donations with their returns of income tax to the Federal Government to pay down the public debt.


Short title

This Act may be cited as the Buffett Rule Act of 2011.


Donation to pay down national debt


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:


Donations to pay down national debt

Sec. 6097. Donation to pay down national debt.


Donation to pay down national debt


General rule

Every taxpayer who makes a return of the tax imposed by subtitle A for any taxable year may donate an amount (not less than $1), in addition to any payment of tax for such taxable year, which shall be deposited in the general fund of the Treasury.


Manner and time of designation

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


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—


the designation for such donation shall be either on the first page of the return or on the page bearing the taxpayer’s signature, and


the designation shall be by a box added to the return, and the text beside the box shall provide:

By checking here, I signify that in addition to my tax liability, I would like to donate the included payment to be used exclusively for the purpose of paying down the national debt.

, and


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


Treatment of amounts donated

For purposes of this title, the amount donated 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.


Transfers to account To reduce public debt

The Secretary shall, from time to time, transfer to the special account established by section 3113(d) of title 31, United States Code, amounts equal to the amounts donated under this section.



Clerical amendment

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

Part IX. Donations To pay down national debt.



Effective date

The amendments made by this section shall apply to returns for taxable years ending after December 31, 2010.