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S 3246 IS
110th CONGRESS
2d Session
S. 3246
To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to set the standard mileage rate for use of a passenger automobile for purposes of the charitable contributions deduction.
IN THE SENATE OF THE UNITED STATES
July 10 (legislative day, July 9), 2008
Mr. CARDIN (for himself, Ms. SNOWE, and Ms. MIKULSKI) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to allow the Secretary of the Treasury to set the standard mileage rate for use of a passenger automobile for purposes of the charitable contributions deduction.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
SEC. 2. DETERMINATION OF STANDARD MILEAGE RATE FOR CHARITABLE CONTRIBUTIONS DEDUCTION.
(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 to read as follows:
‘(i) Standard Mileage Rate for Use of Passenger Automobile- For purposes of computing the deduction under this section for use of a passenger automobile, the standard mileage rate shall be the rate determined by the Secretary.’.
(b) Effective Date- The amendment made by this section shall apply to miles traveled after the date of the enactment of this Act.
U.S. Congress - Text of S.3246 as Introduced in Senate Fair Deal for Volunteers Act of 2008
