- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedMarch 21st, 2013
- house Committees
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Voluntary Debt Reduction Act of 2013
To amend the Internal Revenue Code of 1986 to provide for taxpayers making gifts with their returns of income tax to the Federal Government to pay down the public debt.
Voluntary Debt Reduction Act of 2013 - Amends the Internal Revenue Code to allow taxpayers to donate an amount (not less than $1) or designate a portion of any overpayment of tax (not less than $1) to be donated, in addition to any tax owed, which shall be deposited in the general fund of the Treasury and transferred to an account used to reduce the public debt. Requires such donation to be designated on a taxpayer's income tax return at the time such return is filed.