To require the Secretary of the Treasury to modify the proposed regulation relating to the use of the cents-per-mile valuation rule in valuing the fringe benefit received by an employee for personal use of a vehicle provided by his employer.

Summary

Directs the Secretary of the Treasury to modify a proposed regulation relating to the use of the cents-per-mile valuation rule in valuing the fringe benefit received by an employee for personal use of an employer-provided vehicle. Requires modifications that authorize use of cents-per-mile valuation without regard to the fair market value of the vehicle, with certain limitations.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

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