109 HR 5583 IH: Keep Small Businesses Profitable Act U.S. House of Representatives 2006-06-12 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 109th CONGRESS 2d Session H. R. 5583 IN THE HOUSE OF REPRESENTATIVES June 12, 2006 Ms. Bean (for herself and Mr. Weldon of Pennsylvania) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To provide a temporary minimum standard mileage rate for computing the deductible costs of operating a vehicle for business purposes.

1.

Short title

This Act may be cited as the Keep Small Businesses Profitable Act of 2006.

2.

Temporary minimum standard mileage rate for business use of vehicles

For purposes of section 162 of the Internal Revenue Code of 1986, the optional standard mileage rate in effect under such section for calendar year 2006 shall not be less than 48.5 cents per mile.