HR 4960
113th Congress
House
Taxation
Charitable contributions
Income tax deductions
Motor vehicles
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
CARS Act of 2014
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2014
Referred to the House Committee on Ways and Means.
Jun 25, 2014
Introduced in House
Plain-English summary
Charitable Automobile Red-Tape Simplification Act of 2014 or the CARS Act of 2014 - Amends the Internal Revenue Code, with respect to the tax deduction for charitable contributions, to modify the substantiation rules for donations of qualified vehicles (i.e., motor vehicles manufactured primarily for use on public streets, roads, and highways and boats or airplanes) to require: (1) a statement with respect to such qualified vehicles and a good faith estimate of their value at the time of donation; and (2) a contemporaneous written acknowledgement of the contribution by the donee organization, with information about the donor and the qualified vehicle.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1