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United States · Bill · S

S. 2280 (93rd)

A bill to amend the Internal Revenue Code of 1954 relating to maximum credit for contributions to candidates for public office.

referredUnited States· United States Congress· EN

Introduced

27 July 1973

Last action

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Status

Referred to Senate Committee on Finance.

Sponsors

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Subjects

Discovery layer

Source updated

1 August 2024

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Summary

Increases, under the Internal Revenue Code, the maximum credit allowable for contributions to candidates for public office. Increases (1) the credit amount to $25 on individual returns and $50 on joint returns (formerly $12.50 and $25); and (2) the deduction amount to $100 on individual returns and $200 on joint returns (formerly $50 and $100). (Amends 26 U.S.C. 41(b)(1) and 218(b)(1))

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Documents

1 official file

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