Sec. 121. Repeal of public financing of party conventions
203 words·~1 min read·
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Chapter 95 of the Internal Revenue Code of 1986 is amended by striking section 9008. The table of sections of chapter 95 of such Code is amended by striking the item relating to section 9008. Section 9006(c) of such Code is amended by striking section 9008(b)(3) . Section 9009 of such Code is amended— by adding and at the end of paragraph (2); by striking the semicolon at the end of paragraph
(3)and inserting a period; and by striking paragraphs (4), (5), and (6). Section 9012 of such Code, as amended by section 112(d)(4), is amended— by striking subsection
(a)and redesignating subsections
(b)through
(g)as subsections
(a)through (f), respectively; in subsection (b), as redesignated by subparagraph (A), by striking paragraph
(2)and redesignating paragraph
(3)as paragraph (2); in subsection (d)(1), as redesignated by subparagraph (A), by striking the second sentence; and in subsection (d)(3), as redesignated by subparagraph (A), by striking , or in connection with any expense incurred by the national committee of a major party or minor party with respect to a presidential nominating convention . The second sentence of section 9037(a) of such Code is amended by striking and for payments under section 9008(b)(3) .