Sec. 8103. Credit program described
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/bill/118/hr/11/ih/section-8103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The elements of a credit program operated by a State under this part are as follows: The State shall provide each qualified individual upon the individual’s request with a credit worth $25 to be known as a Democracy Credit during the election cycle which will be assigned a routing number and which at the option of the individual will be provided in either paper or electronic form. Using the routing number assigned to the Democracy Credit, the individual may submit the Democracy Credit in either electronic or paper form to qualified candidates for election for the office of Representative in, or Delegate or Resident Commissioner to, the Congress and allocate such portion of the value of the Democracy Credit in increments of $5 as the individual may select to any such candidate.
If the candidate transmits the Democracy Credit to the Commission, the Commission shall pay the candidate the portion of the value of the Democracy Credit that the individual allocated to the candidate, which shall be considered a contribution by the individual to the candidate for purposes of the Federal Election Campaign Act of 1971. For purposes of paragraph (1)(A), a qualified individual with respect to a State means an individual— who is a resident of the State; who will be of voting age as of the date of the election for the candidate to whom the individual submits a Democracy Credit; and who is not prohibited under Federal law from making contributions to candidates for election for Federal office.
For purposes of the Federal Election Campaign Act of 1971, the submission of a Democracy Credit to a candidate by an individual shall be treated as a contribution to the candidate by the individual in the amount of the portion of the value of the Credit that the individual allocated to the candidate. In addition to the elements described in subsection (a), a State operating a credit program under this part shall permit an individual to revoke a Democracy Credit not later than 2 days after submitting the Democracy Credit to a candidate.
In addition to the elements described in subsection (a), a State operating a credit program under this part shall establish a commission or designate an existing entity to oversee and implement the program in the State, except that no such commission or entity may be comprised of elected officials. In addition to the elements described in subsection (a), a State operating a credit program under this part shall carry out a public information campaign to disseminate awareness of the program among qualified individuals.
No taxpayer funds shall be used to carry out the credit program under this part. For purposes of this subsection, the term taxpayer funds means revenues received by the Internal Revenue Service from tax liabilities.