[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 3421 Introduced in Senate (IS)]







110th CONGRESS
  2d Session
                                S. 3421

  To amend the Internal Revenue Code of 1986 to increase the standard 
   mileage rate for charitable purposes to the standard mileage rate 
  established by the Secretary of the Treasury for business purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             August 1, 2008

   Mr. Casey 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 increase the standard 
   mileage rate for charitable purposes to the standard mileage rate 
  established by the Secretary of the Treasury for business purposes.

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

SECTION 1. STANDARD MILEAGE RATE FOR CHARITABLE PURPOSES SAME AS FOR 
              BUSINESS PURPOSES.

    (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 by striking ``14 cents per mile'' and 
inserting ``the standard mileage rate for business purposes prescribed 
by the Secretary for purposes of this chapter which is in effect on the 
date of the contribution''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to taxable years beginning after December 31, 2007.
                                 <all>