S.3429 - GIVE Act of 2008

A bill to amend the Internal Revenue Code to provide for an increased mileage rate for charitable deductions. view all titles (3)

All Bill Titles

  • Official: A bill to amend the Internal Revenue Code to provide for an increased mileage rate for charitable deductions. as introduced.
  • Short: GIVE Act of 2008 as introduced.
  • Short: Giving Incentives to Volunteers Everywhere Act of 2008 as introduced.

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Introduced
 
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House
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President
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08/01/08
 
 
 
 
 
 
 

Official Summary

Giving Incentives to Volunteers Everywhere Act of 2008 or the GIVE Act of 2008 - Amends the Internal Revenue Code to: (1) increase the standard mileage rate for use of a passenger automobile for charitable purposes to 70% of the current rate for business usage; and (2) exclude from the gros

Official Summary

Giving Incentives to Volunteers Everywhere Act of 2008 or the GIVE Act of 2008 - Amends the Internal Revenue Code to:
(1) increase the standard mileage rate for use of a passenger automobile for charitable purposes to 70% of the current rate for business usage; and
(2) exclude from the gross income of charitable volunteers reimbursements paid to them for the use of a passenger automobile for the benefit of a charitable organization.

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