To amend the Internal Revenue Code of 1986 to allow a deduction from gross income for contributions to candidates for Federal office.
Last action on Jul 11, 2001Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to allow a tax deduction for qualified political contributions of up to $100 annually ($200 in the case of a joint return), whether or not the taxpayer itemizes.
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