HR 8265 117th Congress House Taxation

TEAM Volunteers Act

Introduced: July 1, 2022 Introduced by: Craig, Angie Democratic · Minnesota See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 1, 2022

Referred to the House Committee on Ways and Means.

Jul 1, 2022

Introduced in House

Plain-English summary Congressional Research Service

Tax Emergency Adjustment for Mileage Volunteers Act or the TEAM Volunteers Act

This bill increases the rate of the tax deduction for the charitable use of a passenger automobile to equal the standard business rate (i.e., 58.5 cents per mile in the first half of 2022, then 62.5 cents per mile for the rest of that year) for taxable years beginning after 2021 and before 2024. It then provides for a permanent 24 cents per mile rate, adjusted annually for inflation, for taxable years beginning after 2023.

What's happening now July 1, 2022

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1