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HR 2020 IH
110th CONGRESS
1st Session
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.
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.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 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.
U.S. Congress - Text of H.R.2020 as Introduced in House To amend the Internal Revenue Code of 1986 to increase the standard mileage rate for ch...
