[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.6096-1]

[Page 35-36]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                         Information and Returns
 
Sec. 301.6096-1  Designation by individuals for taxable years beginning after 
December 31, 1972.

    (a) In general. Every individual (other than a nonresident alien) 
whose income tax liability, as defined in paragraph (b) of this section, 
is one dollar or more may, at his option, designate that one dollar 
shall be paid over to the Presidential Election Campaign Fund, in 
accordance with the provisions of section 9006. In the case of a joint 
return of a husband and wife, each spouse may designate that one dollar 
be paid to the fund as provided in this paragraph only if the joint 
income tax liability of the husband and wife is two dollars or more.
    (b) Income tax liability. For purposes of paragraph (a) of this 
section, the income tax liability of an individual for any taxable year 
is the amount of the tax imposed by chapter 1 on such individual for the 
taxable year (as shown

[[Page 36]]

on his or her return) reduced by the sum of the credits (as shown on his 
or her return) allowable under sections 33, 37, 38, 40, 41, 42, 44, and 
44A.
    (c) Manner and time of designation. (1) A designation under 
paragraph (a) of this section may be made with respect to any taxable 
year at the time of the filing of the return of the tax imposed by 
chapter 1 for such taxable year, and shall be made either on the first 
page of the return or on the page bearing the taxpayer's signature, in 
accordance with the instructions applicable thereto.
    (2) With respect to any taxable year beginning after December 31, 
1972 for which no designation was made under paragraph (c)(1) of this 
section, a designation may be made on the form furnished by the Internal 
Revenue Service for such purpose, filed within 20 and one half months 
after the due date for the original return for such taxable year. In the 
case of a joint return where neither spouse made a designation or where 
only one spouse made a designation, a designation may be made, as 
provided in this subparagraph, by the spouse or spouses who had not 
previously made a designation.
    (3) A designation once made, whether by an original return or 
otherwise, may not be revoked.
    (d) Effective date. This section shall apply to taxable years 
beginning after December 31, 1972.

[T.D. 7304, 39 FR 4476, Feb. 4, 1974, as amended by T.D. 7643, 44 FR 
50338, Aug. 28, 1979]