[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 676 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 676

  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

                              May 1, 1997

 Mr. Murkowski (for himself and Mr. Cochran) 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. SHORT TITLE.

    This Act may be cited as the ``Charitable Travel Equity Act of 
1997''.

SEC. 2. INCREASE IN STANDARD MILEAGE RATE EXPENSE DEDUCTION FOR 
              CHARITABLE USE OF PASSENGER AUTOMOBILE.

    (a) In General.--Section 170(i) 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 18 cents per mile.
            ``(2) Taxable years beginning after 1998.--Not later than 
        December 15 of 1998, and each subsequent calendar year, the 
        Secretary may prescribe an increase in the standard mileage 
        rate allowed under this subsection with respect to taxable 
        years beginning in the succeeding calendar year if the 
        Secretary determines that such increase is necessary to reflect 
        increased costs in the use of passenger automobiles.''
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 1996.
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