S. 804Senate108th Congress (2003-2005)In Committee

A bill to amend the Internal Revenue Code of 1986 to allow a nonrefundable tax credit for contributions to congressional candidates.

Introduced April 7, 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 S4902)

April 7, 2003

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SenateIntro Referral

Introduced in Senate

April 7, 2003

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S4902)

April 7, 2003

SenateIntro Referral

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4902)

April 7, 2003

Floor Debate

6 members

What members said about S. 804 on the floor

1 Republican5 Democrats
Richard J. Durbin
Sen. Richard J. DurbinD-IL · Apr 7, 2003

Mr. President, today I rise to introduce a package of legislation--two bills--designed to put us back on track for improved fuel efficiency among automobiles. I support a balanced, forward-looking…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Apr 7, 2003

Mr. President, this past Sunday marked the beginning of National Crime Victims' Rights Week. We set this week aside each year to focus attention on the needs and rights of crime victims. I am pleased…

Jeff Sessions
Sen. Jeff SessionsR-AL · Apr 7, 2003

Mr. President, the legislation I have offered, along with Senator Hatch, who chairs the Judiciary Committee, is called the Lifetime Consequences for Sex Offenders Act of 2003. It is supported by the…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Apr 7, 2003

Mr. President, victims of crime deserve to have their voices heard and be notified about important events in the criminal justice system relating to their cases, and they deserve enforceable rights…

Bill Nelson
Sen. Bill NelsonD-FL · Apr 7, 2003

Mr. President, I am pleased to join with my colleague, Senator Durbin of Illinois, and others, in introducing a Corporate Average Fuel Efficiency bill that requires passenger vehicles to have an…

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Byron L. Dorgan
Sen. Byron L. DorganD-ND · Apr 7, 2003

Mr. President, today, I am introducing a bill with my colleague from Virginia, Senator Warner, that provides tax incentives for American families to participate in political campaigns. It will…

Byron L. Dorgan
Sen. Byron L. DorganD-ND · Apr 7, 2003

Mr. President, today, I am introducing a bill with my colleague from Virginia, Senator Warner, that provides tax incentives for American families to participate in political campaigns. It will…

Bill Text

Latest available legislative text

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Introduced in SenateIssued April 7, 2003
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 804 Introduced in Senate (IS)]

108th CONGRESS
1st Session
S. 804

To amend the Internal Revenue Code of 1986 to allow a nonrefundable tax
credit for contributions to congressional candidates.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

April 7, 2003

Mr. Dorgan (for himself and Mr. Warner) 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 allow a nonrefundable tax
credit for contributions to congressional candidates.

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

SECTION 1. CREDIT FOR CONTRIBUTIONS TO CONGRESSIONAL CANDIDATES.

(a) General Rule.--Subpart A of part IV of subchapter A of chapter
1 of the Internal Revenue Code of 1986 (relating to nonrefundable
personal credits) is amended by inserting after section 25B the
following new section:

``SEC. 25C. CONTRIBUTIONS TO CONGRESSIONAL CANDIDATES.

``(a) General Rule.--In the case of an eligible individual, there
shall be allowed as a credit against the tax imposed by this chapter
for the taxable year an amount equal to the total of contributions to
candidates for the office of Senator or Representative in, or Delegate
or Resident Commissioner to, the Congress.
``(b) Maximum Credit.--The credit allowed by subsection (a) for a
taxable year shall not exceed $200 ($400 in the case of a joint
return).
``(c) Verification.--The credit allowed by subsection (a) shall be
allowed, with respect to any contribution, only if such contribution is
verified in such manner as the Secretary shall prescribe by
regulations.
``(d) Definitions.--For purposes of this section--
``(1) Candidate; contribution.--The terms `candidate' and
`contribution' have the meanings given such terms in section
301 of the Federal Election Campaign Act of 1971.
``(2) Eligible individual.--The term `eligible individual'
means any taxpayer whose adjusted gross income for the taxable
year does not exceed $60,000 ($120,000 in the case of a joint
return).''.
(b) Conforming Amendments.--
(1) Section 642 of the Internal Revenue Code of 1986
(relating to special rules for credits and deductions of
estates or trusts) is amended by adding at the end the
following new subsection:
``(j) Credit for Certain Contributions Not Allowed.--An estate or
trust shall not be allowed the credit against tax provided by section
25C.''.
(2) The table of sections for subpart A of part IV of
subchapter A of chapter 1 of such Code is amended by inserting
after the item relating to section 25B the following new item:

``Sec. 25C. Contributions to
congressional candidates.''.
(c) Effective Date.--The amendments made by this section shall
apply with respect to contributions made after the date of the
enactment of this Act, in taxable years ending after such date.
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