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H.R. 571: To amend the Internal Revenue Code of 1986 to promote charitable donations of qualified vehicles.
To amend the Internal Revenue Code of 1986 to promote charitable donations of qualified vehicles.
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Introduced :
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Thu, Jan 15, 2009
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Sponsor :
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Status :
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introduced Thu, Jan 15, 2009
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Feb-12
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Actions
| Date | Type | Description | Result |
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1/1/0001
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action
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Referred to the House Committee on Ways and Means.
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Titles Assigned
| Type | AS | Title |
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official
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introduced
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To amend the Internal Revenue Code of 1986 to promote charitable donations of qualified vehicles.
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SUMMARY:
1/15/2009--Introduced.
Amends the Internal Revenue Code with respect to the charitable tax deduction for contributions of qualified vehicles (i.e., highway motor vehicles, boats, or airplanes) to: (1) set forth revised acknowledgment requirements for vehicles valued at $2,500 or less and vehicles valued at more than $2,500; and (2) revise the penalty for submitting a fraudulent acknowledgment.
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