Budget Surplus Dividend Act of 1997

Summary

Budget Surplus Dividend Act of 1997 - Amends the Internal Revenue Code to allocate credits to taxpayers for social security taxes, during any year in which there is a Federal budget surplus of more than $1 billion, so as to utilize 50 percent of such surplus. Requires that, during any such year, the remainder of such surplus shall be split and used to: (1) reduce the outstanding public debt; and (2) increase nondefense discretionary spending limits.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 November 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 6 November 1997

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• Introduced in House

  summary · EN · 6 November 1997

  Open at official source

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