Fair Elections Revenue Act of 2011

Summary

Fair Elections Revenue Act of 2011 - Amends the Internal Revenue Code to impose an excise tax on payments made pursuant to a U.S. government contract to any person that is not a state or local government, a foreign nation, or a tax-exempt organization and that has contracts with the U.S. government in excess of $10 million. Sets the rate of such tax imposed on any payment to a qualified person under any such contract at 0.50% of the amount paid and limits the aggregate annual amount of tax so imposed for any calendar year to not more than $500,000. Expresses the sense of the Senate that the tax revenues raised by this Act should be used for the financing of a Fair Elections Fund and the public financing of Senate elections.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 April 2011

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 April 2011

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• Introduced in Senate

  summary · EN · 6 April 2011

  Open at official source

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