A bill to amend the Internal Revenue Code of 1986 to provide that reimbursements for costs of using passenger automobiles for charitable and other organizations are excluded from gross income, and for other purposes.

Summary

Amends the Internal Revenue Code to provide that volunteers who use their automobiles for the benefit of a charitable organization may exclude from their gross income reimbursements for their automobile operating expenses at the same level as business employees (i.e., 48.5 cents per mile in 2007). Increases criminal sanctions and monetary penalties for: (1) underpayments or overpayments of tax due to fraud; (2) attempts to evade or defeat tax; (3) willful failure to file tax returns, supply information, or pay tax; and (4) fraud and false statements.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 26 January 2007

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1238-1239)

   Source: IntroReferral

2. 26 January 2007

   Introduced

   Sponsor introductory remarks on measure. (CR S1238)

   Source: IntroReferral

3. 26 January 2007

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 January 2007 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 January 2007

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 January 2007

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 26 January 2007

  Open at official source

Sponsors

• Sen. Feingold, Russell D. [D-WI] · D · Sponsor
• Richard Durbin · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → Charitable Driving Tax Relief Act of 2007