United States Olympic Development Fund Checkoff Act of 1979

Summary

United States Olympic Development Fund Checkoff Act of 1979 - Amends the Internal Revenue Code to permit taxpayers to designate on their income tax returns that either $1 of any tax refund or $1 of any contribution which the taxpayer forwards with his return shall be payable to the United States Olympic Development Fund. Establishes the United States Olympic Development Fund under the auspices of the Secretary of the Treasury for the receipt of tax contributions and payment to the United States Olympic Development Fund. Directs the United States Olympic Committee to use such funds for a program to expand and improve amateur athletics in the United States. Requires reports on the expenditure of such funds to be submitted by the United States Olympic Committee and the President's Council on Physical Fitness and Sports.

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Timeline

1. 2 August 1979

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 2 August 1979

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 2 August 1979

  Open at official source

Sponsors

• Sen. Inouye, Daniel K. [D-HI] · D · Sponsor
• Sen. Stevens, Ted [R-AK] · R · Cosponsor
• Sen. Laxalt, Paul D. [R-NV] · R · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Sen. Culver, John C. [D-IA] · D · Cosponsor
• Sen. Stone, Richard (Dick) [D-FL] · D · Cosponsor
• Sen. Tower, John G. [R-TX] · R · Cosponsor
• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Cosponsor
• Sen. Cannon, Howard W. [D-NV] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → United States Olympic Development Fund Checkoff Act of 1979