[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4960 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4960

To amend the Internal Revenue Code of 1986 to modify the substantiation 
   rules for the donation of vehicles valued between $500 and $5,000 
                                dollars.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 25, 2014

Mr. Young of Indiana (for himself, Ms. Linda T. Sanchez of California, 
  Mr. Reichert, Mrs. Black, Mr. Kelly of Pennsylvania, Mr. Nunes, Mr. 
 Tiberi, Mr. Boustany, Mr. Price of Georgia, Mr. Schock, Mr. Paulsen, 
    Mr. Marchant, Mr. Griffin of Arkansas, Mr. Neal, Mr. Larson of 
Connecticut, Mr. Pascrell, Mr. Rangel, Ms. Schwartz, Mr. Danny K. Davis 
    of Illinois, Mr. Lewis, Mr. Kind, Mr. Gerlach, and Mr. Renacci) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to modify the substantiation 
   rules for the donation of vehicles valued between $500 and $5,000 
                                dollars.

    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 Automobile Red-Tape 
Simplification Act of 2014'' or as the ``CARS Act of 2014''.

SEC. 2. MODIFICATION OF SUBSTANTIATION RULES FOR THE DONATION OF 
              CERTAIN VEHICLES.

    (a) In General.--Paragraph (12) of section 170(f) of the Internal 
Revenue Code of 1986 is amended to read as follows:
            ``(12) Contributions of used motor vehicles, boats, and 
        airplanes exceeding $500 but not $5,000.--
                    ``(A) In general.--In the case of a contribution of 
                a qualified vehicle the claimed value of which exceeds 
                $500 but not $5,000, paragraph (8) shall not apply and 
                no deduction shall be allowed under subsection (a) for 
                such contribution unless the taxpayer attaches to the 
                return for the taxable year--
                            ``(i) a statement that includes--
                                    ``(I) the make, model, year of 
                                manufacture, and condition of the 
                                qualified vehicle at time of donation, 
                                and
                                    ``(II) a good faith estimate of the 
                                value of the qualified vehicle at time 
                                of donation based on a widely available 
                                used vehicle pricing guide (as 
                                determined by the Secretary) which 
                                takes into account unusual equipment, 
                                unusual mileage, and physical condition 
                                of the vehicle, and
                            ``(ii) a contemporaneous written 
                        acknowledgment of the contribution by the donee 
                        organization which includes the following 
                        information:
                                    ``(I) The name and taxpayer 
                                identification number of the donor.
                                    ``(II) The vehicle identification 
                                number or similar number.
                                    ``(III) The condition of the 
                                donated vehicle, including any engine 
                                trouble, body damage, high mileage, and 
                                any excessive wear and tear.
                                    ``(IV) Whether the donee 
                                organization provided any goods or 
                                services in consideration, in whole or 
                                in part, for the qualified vehicle.
                                    ``(V) A description and good faith 
                                estimate of the value of any goods or 
                                services referred to in clause (iv) or, 
                                if such goods or services consist 
                                solely of intangible religious benefits 
                                (as defined in paragraph (8)(B)), a 
                                statement to that effect.
                    ``(B) Information to secretary.--A donee 
                organization required to provide an acknowledgment 
                under this paragraph shall provide to the Secretary the 
                information contained in the acknowledgment. Such 
                information shall be provided at such time and in such 
                manner as the Secretary may prescribe.
                    ``(C) Qualified vehicle.--For purposes of this 
                paragraph, the term `qualified vehicle' means any--
                            ``(i) motor vehicle manufactured primarily 
                        for use on public streets, roads, and highways,
                            ``(ii) boat, or
                            ``(iii) airplane.
                Such term shall not include any property which is 
                described in section 1221(a)(1).
                    ``(D) Regulations or other guidance.--The Secretary 
                shall prescribe such regulations or other guidance as 
                may be necessary to carry out the purposes of this 
                paragraph.''.
    (b) Conforming Amendment.--Section 170(f)(11)(A)(ii)(I) of such 
Code is amended--
            (1) by inserting ``and'' before ``publicly'', and
            (2) by striking ``and any qualified vehicle described in 
        paragraph (12)(A)(ii) for which an acknowledgment under 
        paragraph (12)(B)(iii) is provided''.
    (c) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2014.
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