Fair Elections Revenue Act of 2011
Official title: A bill to establish a revenue source for fair elections financing of Senate campaigns by providing an excise tax on amounts paid pursuant to contracts with the United States Government.
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Committee on the Judiciary Subcommittee on the Constitution, Civil Rights and Human Rights. Hearings held.
Fair Elections Revenue Act of 2011 - Amends the Internal Revenue Code to impose an excise tax on payments made pursuant to a U.S. government contract to any person that is not a state or local government, a foreign nation, or a tax-exempt organization and that has contracts with the U.S. government in excess of $10 million. Sets the rate of such tax imposed on any payment to a qualified person under any such contract at 0.50% of the amount paid and limits the aggregate annual amount of tax so imposed for any calendar year to not more than $500,000.
Expresses the sense of the Senate that the tax revenues raised by this Act should be used for the financing of a Fair Elections Fund and the public financing of Senate elections.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 749: Fair Elections Revenue Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-S-749/
"S. 749: Fair Elections Revenue Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-749/.
S. 749, 112th Cong. (2026), https://openamerica.io/bill/112-S-749/.
[S. 749: Fair Elections Revenue Act of 2011](https://openamerica.io/bill/112-S-749/)