A bill to clarify the application of the gift tax laws to political contributions made to more than one political committee, and to require the Secretary of the Treasury to notify political committees that they must preserve their financial records for tax purposes.
Campaign Gift Tax Act - Provides for rules governing the application of gift tax laws to political contribuitons made to more than one political committee. Requires the Secretary of the Treasury to notify political committees that they must preserve their financial records for tax purposes. (Amends 26 U.S.C. 2503(b))
Introduced in Senate
Referred to Senate Committee on Finance.
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