A bill to provide for computing the amount of the deductions allowed to rural mail carriers for use of their automobiles.

Summary

Allows rural letter carriers who use their own automobiles in performing services involving the collection and delivery of mail on a rural route to compute the amount of the income tax deduction for the use of such an automobile by using a standard mileage rate equal to 150 percent of the basic standard rate. Exempts such letter carriers from the 50 percent business use requirement for depreciation and the investment tax credit if the standard mileage rate is not used. Applies such rules to taxable years beginning after 1984.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 13 August 1986

  Open at official source

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