MISCELLANEOUS AMENDMENTS.

SEC. 802. MISCELLANEOUS AMENDMENTS. (a) Designation of Income Tax Payments to Presidential Election Campaign Fund—Effective with respect to taxable years ending on or after December 31, 1972, section 6096(a) (relating to designation of income tax payments to the presidential election campaign fund) is amended to read as follows: “(a) In General.—Every individual (other than a nonresident alien) whose income tax liability for any taxable year is $1 or more may designate that $1 shall be paid over to the Presidential Election Campaign Fund for the account of the candidates of any specified political party for President and Vice President of the United States, or if no specific account is designated by such individual, for a general account for all candidates for election to the offices of President and Vice President of the United States, in accordance with the provisions of section 9006(a) (1). In the case of a joint return of husband and wife having an income tax liability of $2 or more, each spouse may designate that $1 shall be paid to any such account in the fund.” (b) Repeal of Certain Provisions— (1) Sections 303,304, and 305 of the Presidential Election Campaign Fund Act of 1966 (80 Stat. 1587) are repealed. (2) The enactment of subtitle II of the Internal Revenue Code of 1954 by section 801 of this Act is intended to comply with the provisions of section 5 (relating to the Presidential Election Campaign Fund Act of 1966) of the Act entitled “An Act to restore the investment credit and allowance of accelerated depreciation 85 Stat. 574in the case of certain real property”, approved June 13, 1967 (Public Law 90–26, 81 Stat. 58). The provisions of section 6096 of the Internal Revenue Code of 1954. together with the amendments of such section made by subsection (a), shall be applicable only to taxable years ending on or after December 31, 1972.