To amend the Internal Revenue Code of 1986 to allow individuals to designate any portion of their income tax overpayments, and to make other contributions, for deficit reduction.
Voluntary Debt Reduction Check-Off Act of 1992 - Amends the Internal Revenue Code to allow individual taxpayers to designate a portion of any tax overpayment (not less that ten dollars) and to make cash contributions with their tax returns to reduce the public debt. Reduces such designation by the amount designated to the Presidential Election Campaign Fund.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line