I
109th CONGRESS
2d Session
H. R. 6177
IN THE HOUSE OF REPRESENTATIVES
September 26, 2006
Mr. Owens introduced the following bill; which was referred to the Committee on Government Reform, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
A BILL
To establish the United States Postal Service Memorial Fund for the benefit of the families of Joseph Curseen, Jr. and Thomas Morris, Jr. of the United States Postal Service.
Establishment of the United States Postal Service Memorial Fund
There is hereby established in the Treasury
of the United States a fund to be known as the United States Postal
Service Memorial Fund
(hereinafter in this Act referred to as the
Fund
), into which there shall be deposited all amounts received
by the United States Postal Service which are designated for deposit into the
Fund.
Payments from Fund for families of Joseph Curseen, Jr. and Thomas Morris, Jr
Subject to the regulations issued under section 4, amounts in the Fund shall be paid to the families of Joseph Curseen, Jr. and Thomas Morris, Jr. of the United States Postal Service, as follows:
Fifty percent of such amounts shall be paid to the widow and children of Joseph Curseen, Jr.
Fifty percent of such amounts shall be paid to the widow and children of Thomas Morris, Jr.
Tax treatment of Fund
Contributions to Fund
For purposes of the Internal Revenue Code of 1986, any contribution or gift to or for the use of the Fund shall be treated as a contribution or gift for exclusively public purposes to or for the use of an organization described in section 170(c)(1) of such Code.
Treatment of payments from Fund
Any payment from the Fund shall not be subject to any Federal, State, or local income or gift tax.
Exemption
For purposes of the Internal Revenue Code of 1986, notwithstanding section 501(c)(1)(A) of such Code, the Fund shall be treated as described in section 501(c)(1) of such Code and exempt from tax under section 501(a) of such Code.
Administration by United States Postal Service
The United States Postal Service shall administer and manage the Fund (including establishing the timing and manner of making payments under section 2) in accordance with regulations issued by the Postal Service, subject to the approval of the Committee on Homeland Security and Governmental Affairs of the Senate and the Committee on Government Reform of the House of Representatives. Under such regulations, the Postal Service shall pay any balance remaining in the Fund upon the expiration of the 6-month period which begins on the date of the enactment of this Act to the families of Joseph Curseen, Jr. and Thomas Morris, Jr. in accordance with section 2, and shall disburse any amount in the Fund after the expiration of such period in such manner as the Postal Service shall establish.