H.R. 412 · 114th Congress
To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election…
Full title
To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
ColeSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns for taxable years beginning after December 31, 2014, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account.
What it does: CRS summary · Reported to House without amendment, Part I · Dec 3, 2015
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns for taxable years beginning after December 31, 2014, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account.
Of the amounts in the Fund as of the date of enactment of this Act: (1) a specified amount shall be transferred to the 10-Year Pediatric Research Initiative Fund, and (2) the remainder shall be transferred to the general fund of the Treasury to be used only for reducing the budget deficit.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To reduce Federal spending and the deficit by terminating taxpayer financing of presidential election campaigns.
Latest action (Dec 3, 2015): Reported by the Committee on House Administration. H. Rept. 114-362, Part I.
Policy area: Taxation · Origin: House · Introduced: Jan 20, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.