text: 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.
target: 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.
feat_title: To amend the Internal Revenue Code of 1986 to allow individuals a deduction of up to $100 for contributions made to candidates for public office.