article: SECTION 1. ALLOWANCE OF DEDUCTION. (a) Deduction for Political Contributions.-- (1) General rule.--Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 217 the following: ``SEC. 218. CONTRIBUTIONS TO CANDIDATES FOR PUBLIC OFFICE. ``(a) Allowance of Deduction.--In the case of an individual, there shall be allowed as a deduction any political contribution payment of which is made by such individual within the taxable year. ``(b) Limitations.-- ``(1) Amount.--The deduction under subsection (a) shall not exceed $100 ($200) in the case of a joint return under section 6013). ``(2) Verification.--The deduction under subsection (a) shall be allowed, with respect to any political contribution, only if such contribution is verified in such manner as the Secretary shall prescribe by regulations. ``(c) Definitions.--For purposes of this section, the term-- ``(1) `candidate' means, with respect to any Federal, State, or local elective public office, an individual who ``(A) publicly announces before the close of the calendar year following the calendar year in which the contribution or gift is made that he is a candidate for nomination or election to such office; and ``(B) meets the qualifications prescribed by law to hold such office. ``(2) `local' means a political subdivision or part thereof, or 2 or more political subdivisions or parts thereof, of a State; ``(3) `national political party' means-- ``(A) in the case of contributions made during a taxable year of the taxpayer in which the electors of President and Vice President are chosen, a political party presenting candidates or electors for such offices on the official election ballot of 10 or more States, or ``(B) in the case of contributions made during any other taxable year of the taxpayer, a political party which met the qualifications described in subparagraph (A) in the last preceding election of a President and Vice President; ``(4) `political contribution' means a contribution or gift of money to-- ``(A) an individual who is a candidate for nomination or election to any Federal, State, or local elective office in any primary, general, or special election, for use by such individual to further his candidacy for nomination or election to such office; ``(B) any committee, association, or organization (whether or not incorporated) organized and operated exclusively for the purpose of influencing, or attempting to influence, the nomination or election of one or more individuals who are candidates for nomination or election to any Federal, State, or local elective public office, for use by such committee, association, or organization to further the candidacy of such individual or individuals for nomination or election to such office; ``(C) the national committee of a national political party; ``(D) the State committee of a national political party as designated by the national committee of such party; or ``(E) a local committee or a national political party as designated by the State committee of such party designated under subparagraph (D); and ``(5) `State' means the various States and the District of Columbia. ``(d) Cross Reference.-- ``For disallowance of deduction to estates and trusts, see section 642(j).'' (2) Conforming amendment.--The table of sections for part VII of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 217 the following: ``Sec. 218. Contribution to candidates for public office.'' (b) Disallowance of Deduction to Estates and Trusts.--Section 642 of such Code is amended by adding at the end the following: ``(j) Political Contributions.--An estate or trust shall not be allowed the deduction for contributions to candidates for public office provided by section 218.'' SEC. 2. EFFECTIVE DATE. The amendments made by section 1 shall apply to taxable years beginning after December 31, 1993.
summary: Amends the Internal Revenue Code to allow individuals a tax deduction of up to $100 ($200 in the case of a joint return) for political contributions.