Volunteer Driver Tax Appreciation Act of 2023

Bill: 118-s-3020
Sponsor: full_name: Sen. Klobuchar, Amy [D-MN]
Introduced: 2023-10-04
Policy area: Taxation
Latest action: action_date: 2023-10-04
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2023-10-04
action_desc: Introduced in Senate
text: <p><strong>Volunteer Driver Tax Appreciation Act of 2023</strong> </p> <p>This bill increases the 14 cents per mile rate for the charitable use of an automobile to the standard business mileage rate (65.5 cents per mile in 2023) for automobiles transporting persons (other than the taxpayer) or property on behalf of a charitable organization.</p>

tv_txt: II 118th CONGRESS 1st Session S. 3020 IN THE SENATE OF THE UNITED STATES October 4, 2023 Ms. Klobuchar (for herself, Mr. Budd , and Ms. Smith ) 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 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 2023 . 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 shall be 14 cents per mile. and inserting shall be— (1) except as provided in paragraph (2), 14 cents per mile, and (2) in the case of transportation of persons (other than the taxpayer) or property on behalf of an organization described in subsection (c), 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 taxable years beginning after December 31, 2022.