S. 1059Senate108th Congress (2003-2005)In Committee

A bill to amend the Internal Revenue Code of 1986 to adjust the tax rate for political organizations.

Introduced May 14, 2003

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6261)

May 14, 2003

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SenateIntro Referral

Introduced in Senate

May 14, 2003

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S6260-6261)

May 14, 2003

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6261)

May 14, 2003

Floor Debate

7 members

What members said about S. 1059 on the floor

4 Republicans3 Democrats
Ben Nighthorse Campbell
Sen. Ben Nighthorse CampbellR-CO · May 14, 2003

Mr. President, this week, May 11 through 17, is ``National Police Week 2003.'' This is the week when thousands of law enforcement officers from all over the United States gather here in our Nation's…

Wayne Allard
Sen. Wayne AllardR-CO · May 14, 2003

Mr. President, an historian and poet once penned that the history of Colorado would be written in water. In the midst of Colorado's worst drought in 300 years, this prediction has proven an accurate…

Paul S. Sarbanes
Sen. Paul S. SarbanesD-MD · May 14, 2003

Mr. President, I rise today in strong support of legislation to provide more bankruptcy judges for several States, including four additional bankruptcy judgeships for my own State of Maryland. This…

John McCain
Sen. John McCainR-AZ · May 14, 2003

Mr. President, I am proud to sponsor the World War II POW Pay Equity Act of 2003. In 2000, we passed legislation intended to correct an injustice of not paying Navy and Marine Corps POWs for…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · May 14, 2003

Mr. President, I rise today to introduce a bill, with Senators Christopher J. Dodd, Edward M. Kennedy, and John F. Kerry, to establish the Upper Housatonic Valley National Heritage Area in the State…

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Joseph R. Biden Jr.
Sen. Joseph R. Biden Jr.D-DE · May 14, 2003

Mr. President, I rise today to introduce the Bankruptcy Judgeship Act of 2003, along with over a dozen Senators of both parties who are joining me on this legislation. This bill creates new temporary…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · May 14, 2003

Mr. President, I am pleased to introduce a bill to correct an inequity in our tax code. Currently, we use inconsistent standards to tax different types of political campaign committees. Congressional…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · May 14, 2003

Mr. President, I am pleased to introduce a bill to correct an inequity in our tax code. Currently, we use inconsistent standards to tax different types of political campaign committees. Congressional…

Bill Text

Latest available legislative text

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Introduced in SenateIssued May 14, 2003
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 1059 Introduced in Senate (IS)]

108th CONGRESS
1st Session
S. 1059

To amend the Internal Revenue Code of 1986 to adjust the tax rate for
political organizations.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

May 14, 2003

Mrs. Hutchison introduced the following bill; which was read twice and
referred to the Committee on Finance

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to adjust the tax rate for
political organizations.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. TAX RATE FOR POLITICAL ORGANIZATIONS.

(a) In General.--Paragraph (1) of section 527(b) of the Internal
Revenue Code of 1986 (relating to tax imposed) is amended by striking
``highest rate'' and inserting ``appropriate rates''.
(b) Conforming Amendment.--Subsection (h) of section 527 of the
Internal Revenue Code of 1986 (relating to special rule for principal
campaign committees) is repealed.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after December 31, 2002.
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