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S. 1676

BillFederalSenateIn Committee
Buffett Rule Act of 2011
About This Bill
Committee
Latest Action · October 6, 2011
Read twice and referred to the Committee on Finance.
Congress
112th (2011–2013)
Introduced
October 6, 2011
Sponsor
Sen. John ThuneR
Cosponsors (40)
0D 40R
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Summary

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Buffett Rule Act of 2011 - Amends the Internal Revenue Code to allow taxpayers to donate an amount (not less than $1), 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.

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