Increases, under the Internal Revenue Code, the maximum credit allowable for contributions to candidates for public office. Increases (1) the credit amount to $25 on individual returns and $50 on joint returns (formerly $12.50 and $25); and (2) the deduction amount to $100 on individual returns and $200 on joint returns (formerly $50 and $100). (Amends 26 U.S.C. 41(b)(1) and 218(b)(1))
Introduced in Senate
Referred to Senate Committee on Finance.
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