HR 860
112th Congress
House
Taxation
Income tax deductions
Motor vehicles
Social work, volunteer service, charitable organizations
To amend the Internal Revenue Code of 1986 to promote charitable donations of qualified vehicles.
Introduced: March 1, 2011
Introduced by:
Larson, John B.
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 1, 2011
Referred to the House Committee on Ways and Means.
Mar 1, 2011
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1