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- H.R.13
H.R.13: Taxpayer Debt Buy-Down Act
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Jan. 4, 1995
- Latest Major Action March 13, 1995
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
87 (All Republicans)
Bill Summary
Taxpayer Debt Buy-Down Act - Amends the Internal Revenue Code to allow individuals with adjusted income tax liability to designate on their tax returns that a portion of such liability (not to exceed ten percent) be used to reduce the public debt. Establishes a Public Debt Reduction Trust Fund for the deposit of designated amounts. Makes amounts in such Trust Fund available only to pay at maturity, or to redeem or buy before maturity, any...
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Budget
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Referred to House Ways and Means
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See H.R.1215.
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| Jan. 4, 1995 |
Introduced in the House by Robert Smith Walker (R-Pa.) |