A bill to amend the Internal Revenue Code of 1986 to increase the standard mileage rate for charitable purposes to the standard mileage rate established by the Secretary of the Treasury for business purposes.
About This Bill
Committee
Latest Action · August 1, 2008
Read twice and referred to the Committee on Finance.
Amends the Internal Revenue Code to increase the standard mileage rate for the tax deduction for the charitable use of passenger automobiles from 14 cents per mile to the standard mileage rate prescribed by the Secretary of the Treasury for business purposes (50.5 cents per mile for January 1 through June 30, 2008, and 58.5 cents per mile for July 1 through December 31, 2008).
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