U.S. Congress - H.R.860 To amend the Internal Revenue Code of 1986 to promote charitable donations of qualified...
H.R.860 - To amend the Internal Revenue Code of 1986 to promote charitable donations of qualified vehicles.
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- Official: To amend the Internal Revenue Code of 1986 to promote charitable donations of qualified vehicles. as introduced.
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Official Summary
3/1/2011--Introduced.Amends the Internal Revenue Code with respect to the charitable tax deduction for contributions of qualified vehicles (i.e., highway motor vehicles, boats, or airplanes) to: (1) set forth revised acknowledgment requirements for vehicles valued at $2,500 or less and vehOfficial Summary
3/1/2011--Introduced.Amends the Internal Revenue Code with respect to the charitable tax deduction for contributions of qualified vehicles (i.e., highway motor vehicles, boats, or airplanes) to:(1) set forth revised acknowledgment requirements for vehicles valued at $2,500 or less and vehicles valued at more than $2,500; and
(2) revise the penalty for submitting a fraudulent acknowledgment.
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