[110th CONGRESS Senate Bills]
[From the U.S. Government Printing Office via GPO Access]
[DOCID: s3246is.txt]
[Introduced in Senate]
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.
This Act may be cited as the ``Fair Deal for Volunteers Act of
2008''.
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.
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