HR 4715
99th Congress
House
Taxation
Agriculture and Rural Affairs
Automobiles
Income tax
Motor Vehicles and Driving
Postal Services and Facilities
Postal employees
Rural affairs legislation
Tax deductions
Transportation and Travel
Travel costs
A bill to provide for computing the amount of the deductions allowed to rural mail carriers for use of their automobiles.
Introduced: April 30, 1986
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 1986
Referred to House Committee on Ways and Means.
Apr 30, 1986
Introduced in House
Plain-English summary
Provides that, for taxable years beginning after 1984, rural letter carriers are permitted to compute the amount of their deduction for use of their automobiles in performance of such services: (1) by using a standard mileage rate for all such miles of such use equal to 150 percent of the basic standard rate; or (2) without applying the limitation on deductions rules where the business use of the automobile used in performing such services is not greater than 50 percent of the time.
Prohibits the use of 150 percent of the basic standard mileage rate in determining the allowable deduction where the taxpayer claimed an investment tax credit or depreciation deduction for such automobile.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1