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United States · Bill · HR

H.R. 3775 (100th)

Taxpayers' Deficit Reduction Act

referredUnited States· United States Congress· EN

Introduced

16 December 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

28 August 2025

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Summary

Taxpayers' Deficit Reduction Act - Amends the Internal Revenue Code to allow taxpayers who have overpaid their income tax liability to designate on their tax returns that a specified portion of such overpayment, rather than being credited or refunded, be used to reduce the public debt of the United States. Directs the Secretary of the Treasury to transfer these designated amounts to the special account for reduction of the public debt.

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Documents

1 official file

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Sources

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