Amendment in the nature of a substitute.

1. Replaces the bill's text with a full substitute

   Replaces the full textEverything after the enacting clause

   Removes all after the enacting clause.

   Inserted: SECTION 1. VOLUNTARY FINANCING OF PRESIDENTIAL ELECTION CAMPAIGNS.

   Inserted: (a) In General.--Section 6096 of the Internal Revenue Code of 1986 is amended to read as follows:

   Inserted: "SEC. 6096. VOLUNTARY DESIGNATION BY INDIVIDUALS.

   Inserted: "(a) General Rule.--Every taxpayer who makes a return of the tax imposed by chapter 1 for any taxable year may designate an amount shall be paid over to the Presidential Election Campaign Fund in accordance with the provisions of section 9006(a). The amount designated under the preceding sentence--

   Inserted: "(1) may not be less than $1, and

   Inserted: "(2) shall be in addition to any payment of tax for the taxable year.

   Inserted: "(b) Manner and Time of Designation.--Any designation under subsection (a) for any taxable year--

   Inserted: "(1) shall be made at the time of filing the return of the tax imposed by chapter 1 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

   Inserted: "(2) shall be accompanied by a payment of the amount so designated.

   Inserted: "(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 chapter 1 (determined without regard to extensions) or, if later, the date the return is filed.".

   Inserted: (b) Clerical Amendment.--The item relating to section 6096 in the table of sections for part VIII of subchapter A of chapter 61 of such Code is amended to read as follows:

   Inserted: "Sec. 6096. Voluntary designation by individuals.".

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   Inserted: (c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.

   Original wording

   Strike all after the enacting clause and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed