Volunteer Driver Tax Appreciation Act of 2021

Bill: 117-hr-6013
Sponsor: full_name: Rep. Vela, Filemon [D-TX-34]
Introduced: 2021-11-17
Policy area: Taxation
Latest action: action_date: 2021-11-17
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2021-11-17
action_desc: Introduced in House
text: <p><b>Volunteer Driver Tax Appreciation Act of 2021</b></p> <p>This bill increases the standard mileage rate for the tax deduction for the charitable use of a passenger automobile. The bill increases the rate from the standard charitable rate of 14 cents per mile to the standard business mileage rate (56 cents per mile in 2021).</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 6013 IN THE HOUSE OF REPRESENTATIVES November 17, 2021 Mr. Vela introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to equalize the charitable mileage rate with the business travel rate.

1. Short title This Act may be cited as the Volunteer Driver Tax Appreciation Act of 2021 . 2. Increase in charitable mileage rate (a) In general Subsection (i) of section 170 of the Internal Revenue Code of 1986 is amended by striking 14 cents per mile and inserting the rate determined by the Secretary, which rate shall not be less than the standard mileage rate used for purposes of sections 162 and 212 . (b) Effective date The amendment made by this section shall apply to the taxable year beginning after December 31, 2020.