,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cehf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #ba1         
#bjac,mr4 ,petri introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
provide a cr$it & a d$uction = small    
political contributions4  #a4 ,%ort     
title ,?is ,act may be cit$ z ! ,citiz5 
,involvem5t 9 ,campaigns ,act ( #bjac4  
#b4 ,tax cr$it = c]ta9 political        
contributions  7a7 ,9 g5]al ,subp>t ,a (
 "p ,,iv ( sub*apt] ,a ( *apt] #a ( !   
,int]nal ,rev5ue ,code ( #aihf 7relat+  
to nonrefundable p]sonal cr$its7 is     
am5d$ by ins]t+ aft] section #be;,d !   
foll[+ new section3  #be;,e4 ,cr$it =   
c]ta9 political contributions  7a7 ,9   
g5]al ,9 ! case ( an individual1 !re    
%all be all[$ z a cr$it aga9/ ! tax     
impos$ by ?is *apt] = ! taxable ye> an  
am\nt equal to all qualifi$ political   
contributions paid by ! taxpay] dur+ !  
taxable ye>4  7b7 ,limitations  7#a7    

,maximum cr$it ,! cr$it all[$ by        
subsection 7a7 %all n exce$ #bjj 7#djj 9
 ! case ( a jo9t return74  7#b7         
,v]ification ,! cr$it all[$ by          
subsection 7a7 %all be all[$ ) respect  
to any qualifi$ political contribution  
only if su* contribution is v]ifi$ 9 su*
 mann] z ! ,secret>y %all prescribe by  
regulation4  7c7 ,def9itions ,= purposes
 ( ?is section-- 7#a7 ,qualifi$         
political contribution ,! t]m qualifi$  
political contribution means a          
contribution or gift ( money1 or ! fair 
m>ket value ( a contribution or gift (  
prop]ty1 to-- 7,a7 an individual :o is a
 c&idate = nom9ation or election to any 
,f$]al elective public (fice 9 any      
prim>y1 g5]al1 or special election1 =   
use by su* individual to fur!r ! c&idacy
 ( ! individual = nom9ation or election 
to su* (fice1 or  7,b7 ! national       
committee ( a national political p>ty4  
7#b7 ,c&idate ,! t]m c&idate means1 )   
respect to any ,f$]al elective public   
(fice1 an individual :o-- 7,a7 publicly 

ann\nces be=e ! close ( ! cal5d> ye>    
foll[+ ! cal5d> ye> 9 :i* ! political   
contribution is made t ! individual is a
 c&idate = nom9ation or election to su* 
(fice2 &  7,b7 meets ! qualifications   
prescrib$ by law to hold su* (fice4     
7#c7 ,national political p>ty ,! t]m    
national political p>ty means-- 7,a7 9 !
 case ( qualifi$ political contributions
 made dur+ a taxable ye> ( ! taxpay] 9  
:i* ! electors ( ,presid5t & ,vice      
,presid5t are *os51 a political p>ty    
pres5t+ c&idates or electors = su*      
(fices on ! (ficial election ballot ( t5
 or m ,/ates2 or  7,b7 9 ! case (       
qualifi$ political contributions made   
dur+ any o!r taxable ye> ( ! taxpay]1 a 
political p>ty :i* met ! qualifications 
describ$ 9 subp>agraph 7,a7 9 ! la/     
prec$+ election ( a ,presid5t & ,vice   
,presid5t4  7d7 ,election n ,to h       
section apply ,a taxpay] may elect n to 
h ?is section apply ) respect to        
qualifi$ political contributions made   
dur+ ! taxable ye>4  7e7 ,cross ref]5ces

  7#a7 ,= transf] ( appreciat$ prop]ty  
to a political organization1 see section
 #hd4  7#b7 ,= c]ta9 indirect           
contributions to political p>ties1 see  
section #bgf4  4  7b7 ,con=m+ am5dm5t ,!
 table ( sections = subp>t ,a ( "p ,,iv 
( sub*apt] ,a ( *apt] #a ( su* ,code    
7relat+ to nonrefundable p]sonal cr$its7
 is am5d$ by ins]t+ aft] ! item relat+  
to section #be;,d ! foll[+ new item3    
,sec4 #be;,e4 ,cr$it = c]ta9 political  
contributions4  4  7c7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca ( ! cal5d> ye> 9 :i* ?is   
,act is enact$4  #c4 ,d$uction = c]ta9  
political contributions  7a7 ,9 g5]al   
,"p ,,vii ( sub*apt] ,b ( *apt] #a ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by r$esignat+ section #bbd z section    
#bbe & by ins]t+ aft] section #bbc !    
foll[+ new section3  #bbd4 ,political   
contributions  7a7 ,9 g5]al ,9 ! case ( 
an individual1 !re %all be all[$ z a    
d$uction = ! taxable ye> an am\nt equal 

to ! qualifi$ political contributions   
made by ! taxpay] dur+ ! taxable ye>4   
7b7 ,limitation ,! am\nt all[$ z a      
d$uction "u subsection 7a7 = ! taxable  
ye> %all n exce$ #fjj 7#abjj 9 ! case ( 
a jo9t return74  7c7 ,qualifi$ political
 contribution ,= purposes ( ?is section1
 ! t]m qualifi$ political contribution  
%all h ! mean+ giv5 su* t]m by section  
#be;,e7c77#a74  7d7 ,d5ial ( d\ble      
b5efit ,no d$uction %all be all[$ "u    
subsection 7a7 to a taxpay] = any       
qualifi$ political contribution made    
dur+ ! taxable ye> if a cr$it is all[$  
to su* taxpay] "u section #be;,e = su*  
ye>4  4  7b7 ,d$uction all[$ :e!r or n  
taxpay] itemizes o!r d$uctions          
,subsection 7a7 ( section #fb ( su*     
,code is am5d$ by ins]t+ be=e ! la/     
s5t5ce at ! end ! foll[+ new p>agraph3  
7#bb7 ,qualifi$ political contributions 
,! d$uction all[$ by section #bbd4  4   
7c7 ,cl]ical am5dm5t ,! table ( sections
 = "p ,,vii ( sub*apt] ,b ( *apt] #a (  
su* ,code is am5d$ by r$esignat+ ! item 

relat+ to section #bbd z an item relat+ 
to section #bbe & by ins]t+ be=e su*    
item ! foll[+ new item3  ,sec4 #bbd4    
,political contributions4  4  7d7       
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca ( ! cal5d> ye> 
9 :i* ?is ,act is enact$4