To amend the Internal Revenue Code of 1986 to provide for an increase in the standard mileage rates to reflect the increase in the cost of highway fuels, and for other purposes.

Amends the Internal Revenue Code to make the standard mileage rate used to determine the tax deduction for the use of a passenger automobile for charitable purposes equal to the standard mileage rate used for the tax deduction for business and moving expenses. Increases such rate until December 31, 2008.

[Congressional Bills 110th Congress]
[From the U.S. Government Printing Office]
[H.R. 6368 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 6368

 To amend the Internal Revenue Code of 1986 to provide for an increase 
 in the standard mileage rates to reflect the increase in the cost of 
                 highway fuels, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 25, 2008

Mr. Brady of Texas (for himself, Mr. Sam Johnson of Texas, Mr. Porter, 
Mr. Herger, Mr. Putnam, Mr. Boehner, and Mr. David Davis of Tennessee) 
 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 provide for an increase 
 in the standard mileage rates to reflect the increase in the cost of 
                 highway fuels, and for other purposes.

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

SECTION 1. INCREASE IN PASSENGER AUTOMOBILE MILEAGE RATES.

    (a) Charitable Mileage Rate Same as Medical and Moving Rate.--
            (1) 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 rate determined for 
        purposes of sections 213 and 217''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall apply to miles driven on or after the date of the 
        enactment of this Act.
    (b) Increase in Mileage Rates.--For any portion of the period 
beginning on the date of the enactment of this Act and ending on 
December 31, 2008, the standard mileage rate under each of sections 
162, 213, and 217 of the Internal Revenue Code of 1986 for operating a 
passenger automobile shall be not less than the greater of--
            (1) 133.7 percent of the rate in effect under each such 
        section on January 1, 2008, or
            (2) the rate prescribed by the Internal Revenue Service for 
        each such section.
                                 <all>