HR 3917 114th Congress House Taxation Charitable contributions Income tax deductions Motor vehicles Social work, volunteer service, charitable organizations Tax administration and collection, taxpayers

CARS Act of 2015

Introduced: November 3, 2015 Introduced by: Young, Todd Republican · Indiana See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Nov 3, 2015

Referred to the House Committee on Ways and Means.

Nov 3, 2015

Introduced in House

Plain-English summary Congressional Research Service

Charitable Automobile Red-Tape Simplification Act of 2015 or the CARS Act of 2015

This bill 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) with a claimed value exceeding $500 but not $2,500, 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 November 3, 2015

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1