A bill to amend the Internal Revenue Code of 1954 to allow individuals to designate $1 of their income tax liability to be used for purposes of providing financial assistance to the U.S. Olympic Committee.

Summary

Authorizes every individual whose income tax liability, under the Internal Revenue Code, is $1 or more to designate $1 of that liability to provide financial assistance to the United States Olympic Committee. Establishes the United States Olympic Committee Fund in the Treasury of the United States. Directs the Secretary of the Treasury to transfer amounts so designated to such fund. Directs the Secretary to pay, not less often than quarterly, such amounts in the fund to the United States Olympic Committee.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 3 August 1976

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.