[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 157 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 157

  To amend the Internal Revenue Code of 1986 to increase the standard 
  mileage rate deduction for charitable use of passenger automobiles.


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                   IN THE SENATE OF THE UNITED STATES

             January 21 (legislative day, January 5), 1993

  Mr. Daschle introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to increase the standard 
  mileage rate deduction for charitable use of passenger automobiles.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASE IN STANDARD MILEAGE RATE EXPENSE DEDUCTION FOR 
              CHARITABLE USE OF PASSENGER AUTOMOBILE.

    (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.--
            ``(1) General rule.--Except as provided in paragraph (2), 
        for purposes of computing the deduction under this section for 
        use of a passenger automobile, the standard mileage rate shall 
        be 16 cents per mile.
            ``(2) Taxable years beginning after 1993.--Not later than 
        December 15 of 1993, and each subsequent calendar year, the 
        Secretary may prescribe an increase in the standard mileage 
        rate allowed under this section with respect to taxable years 
        beginning in the succeeding calendar year.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1992.

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