,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #baf  ,,in ,,the ,,house ,,of   
,,representatives  ,january #d1 #bjac   
,mr4 ,serrano introduced the following  
bill2 which was referred to the         
,committee on ,ways and ,means1 and in  
addition to the ,committee on ,education
 and the ,workforce1 for a period to be 
subsequently determined by the ,speaker1
 in each case for consideration of such 
provisions as fall within the           
jurisdiction of the committee concerned 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to allow        
taxpayers to designate income tax       
overpayments as contributions to the    
,united ,states ,library ,trust ,fund4  
#a4 ,short title ,this ,act may be cited
 as the ,united ,states ,library ,trust 
,fund ,act4  #b4 ,united ,states        
,library ,trust ,fund  7a7 ,designation 
of overpayments as contributions to     
,united ,states ,library ,trust ,fund   
,subchapter ,a of chapter #fa of the    
,internal ,revenue ,code of #aihf is    

amended by adding at the end the        
following new part3  ,,ix ,designation  
of overpayments as contributions to     
,united ,states ,library ,trust ,fund   
,sec4 #fjig4 ,designation4  #fjig4      
,designation  7a7 ,in general ,every    
taxpayer who makes a return of the tax  
imposed by subtitle ,a for any taxable  
year may designate that a specified     
portion 7not less than #a7 of the amount
 of any overpayment of tax for such     
taxable year shall be paid over to the  
,united ,states ,library ,trust ,fund in
 accordance with the provisions of      
section #ieab4  7b7 ,manner and time of 
designation ,a designation under        
subsection 7a7 may be made with respect 
to any taxable year--  7#a7 at the time 
of filing the return of the tax imposed 
by chapter #a for such taxable year1 or 
7#b7 at any other time 7after the time  
of filing the return of the tax imposed 
by chapter #a for such taxable year7    
specified in regulations prescribed by  
the ,secretary4  ,such designation shall

 be made in such manner as the          
,secretary prescribes by regulations    
except that such designation shall be   
made either on the first page of the    
return or on the page bearing the       
taxpayer's signature4  7c7 ,overpayments
 treated as refunded ,for purposes of   
this title1 any portion of an           
overpayment of tax designated under     
subsection 7a7 shall be treated as being
 refunded to the taxpayer as of the last
 date prescribed for filing the return  
of tax imposed by chapter #a 7determined
 without regard to extensions74  4  7b7 
,creation of trust fund ,subchapter ,a  
of chapter #ih of such ,code is amended 
by adding at the end the following new  
section3  #ieab4 ,united ,states        
,library ,trust ,fund  7a7 ,creation of 
trust fund ,there is established in the 
,treasury of the ,united ,states a trust
 fund to be known as the ,united ,states
 ,library ,trust ,fund1 consisting of   
such amounts as may be credited or paid 
to such trust fund as provided in       

section #fjig4  7b7 ,transfers to trust 
fund ,there are hereby appropriated to  
the ,united ,states ,library ,trust     
,fund amounts equivalent to the amounts 
of the overpayments of tax to which     
designations under section #fjig apply4 
7c7 ,expenditures from trust fund       
,amounts in the ,united ,states ,library
 ,trust ,fund shall be available1 as    
provided in appropriation ,acts1 only   
for purposes of making expenditures to  
carry out section #c of the ,united     
,states ,library ,trust ,fund ,act4  4  
7c7 ,clerical amendments  7#a7 ,the     
table of parts for subchapter ,a of     
chapter #fa of such ,code is amended by 
adding at the end the following new     
item3  ,part ,,ix4--,designation of     
overpayments as contributions to ,united
 ,states ,library ,trust ,fund  4  7#b7 
,the table of sections for subchapter ,a
 of chapter #ih of such ,code is amended
 by adding at the end the following new 
item3  ,sec4 #ieab4 ,united ,states     
,library ,trust ,fund4  4  7d7          

,effective date ,the amendments made by 
this section shall apply to taxable     
years ending after the date of the      
enactment of this ,act4  #c4 ,grants to 
libraries  7a7 ,eligibility of public   
libraries and public school libraries ,a
 public library or public school library
 is eligible to receive a grant under   
this section from the ,united ,states   
,library ,trust ,fund established       
pursuant to section #ieab of the        
,internal ,revenue ,code of #aihf for   
any fiscal year by submitting an        
application to the ,office of ,library  
,services that includes--  7#a7         
certification that the library does not 
have the financial resources available  
to purchase new books or collections2   
7#b7 assurances that funds received     
under this section will be used only to 
purchase materials for the library2     
7#c7 assurances that funds received     
under this section will be used to      
supplement1 not supplant1 other funds   
received by such library2 and  7#d7 an  

agreement to make available any         
financial records that the ,office of   
,library ,services may need for audit   
purposes4  7b7 ,grant selection ,the    
,office of ,library ,services shall     
select the number of grant awards made  
under this section and the amount of    
each such award based upon economic need
 in accordance with regulations         
published by the ,office4