To amend the Internal Revenue Code of 1986 to provide a mechanism for taxpayers to designate $1 of any overpayment of income tax, and to contribute other amounts, for use by the United States Olympic Committee.
United States Olympic Checkoff Act of 1995 - Amends the Internal Revenue Code to: (1) establish the United States Olympic Trust Fund; (2) permit an individual to designate one dollar of any tax overpayment for such Fund; (3) permit an individual to make cash contributions to such Fund; and (4) direct the Secretary of the Treasury to pay amounts in the Fund, less administrative expenses, to the U.S. Olympic Committee.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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