A bill to amend the Internal Revenue Code of 1954 to provide an additional itemized deduction for the use of a passenger automobile in a carpool.

Summary

Allows an individual who owns a passenger automobile which he uses in a carpool to deduct for income tax purposes: (1) 12 cents for each of the first 15,000 miles attributable to such use during the taxable year, and 9 cents for each mile in excess of 15,000, and (2) an amount equal to the amount paid or accrued by the taxpayer for parking attributable to such use during the taxable year.

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Timeline

1. 3 August 1973

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 3 August 1973

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 August 1973

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 3 August 1973

  Open at official source

Sponsors

• Rep. Fascell, Dante B. [D-FL-19] · D · Sponsor
• Rep. Goldwater, Barry, Jr. [R-CA-20] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide an additional itemized deduction for the use of a passenger automobile in a carpool.