H.R. 2020

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.

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I

110th CONGRESS

1st Session

H. R. 2020

IN THE HOUSE OF REPRESENTATIVES

April 24, 2007

Mr. Platts (for himself, Mr. Shays, Ms. Matsui, and Mr. Price of North Carolina) introduced the following bill; which was referred to the Committee on Ways and Means

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.

1.

Standard mileage rate for charitable purposes same as for business purposes

(a)

In general

Subsection (i) of section 170 of the Internal Revenue Code of 1986 (relating to standard mileage rate for use of passenger automobile) is amended by striking 14 cents per mile and inserting the standard mileage rate for business purposes prescribed by the Secretary for purposes of this chapter which is in effect on the date of the contribution.

(b)

Effective date

The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 2006.