date prescribed for filing the return of tax imposed by chapter 1 (determined without regard to extensions). . (b) Creation of trust fund Subchapter A of chapter 98 of such Code is amended by adding at the end the following new section: 9512. Taxpayer Fairness Fund (a) Creation of fund There is established in the Treasury of the United States a trust fund to be known as the Taxpayer Fairness Fund (hereinafter in this section referred to as the fund ), consisting of such amounts as may be credited or paid to the fund as provided in section 6097. (b) Transfers to fund There are hereby appropriated to the fund amounts equivalent to the amounts of the overpayments of tax to which designations under section 6097 apply. (c) Expenditures from fund Amounts in the fund shall be made available, as appropriated, to the Internal Revenue Service for hiring, training, and employment of personnel for tax enforcement activities of the Internal Revenue Service to determine and collect owed taxes from— (1) individuals with annual income of $500,000 or more, and (2) corporations with assets valued at $5 million or more. . (c) Clerical amendments (1) The table of parts for subchapter A of chapter 61 of such Code is amended by adding at the end the following new item: Part IX. Designation of overpayments as contributions to Taxpayer Fairness Fund. . (2) The table of sections for subchapter A of chapter 98 of such Code is amended by adding at the end the following new item: Sec. 9512. Taxpayer Fairness Fund. . (d) Effective date The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.