Volunteer Driver Tax Parity Act of 2022

1/2
Status In Committee
Sponsor Amy Klobuchar
Citation 117-S-4691
Actions 2
Introduced Aug 1st, 2022
Cosponsors
1
Last Action Aug 1st, 2022
Policy Area
Introduced Senate Aug 1
Senate
House
President
Enacted

Summary

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What this bill does

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Volunteer Driver Tax Parity Act of 2022 This bill increases the rate of the tax deduction for the charitable use of a passenger automobile to equal the standard business rate (i.e., 58.5 cents per mile in the first half of 2022, then 62.5 cents per mile for the rest of that year) for taxable years beginning after 2021 and before 2024. It then provides for a permanent 24 cents per mile rate, adjusted annually for inflation, for taxable years beginning after 2023.

Actions

2
Senate
INTRODUCED
INTRODUCED
Aug 1, 2022
ON FLOOR
REFERRED TO COMMITTEE
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