A bill to increase the maximum tax credit allowable for a contribution to candidates for public office, and to repeal the tax deduction allowable for such contributions.

referredUnited States· United States Congress· EN

Introduced

7 March 1974

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Increases the maximum tax credit, under the Internal Revenue Code, for contributions to candidates for public office to $150 ($300 for joint returns). Repeals the tax deduction allowable for contributions to candidates for public office. (Amends 26 U.S.C. 41(b)(1), repeals 26 U.S.C. 218(b)(1)).

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Documents

1 official file

Introduced in Senate
summary · EN · 7 March 1974
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/3131
Open data entity: https://api.congress.gov/v3/bill/93/s/3131