S 260
99th Congress
Senate
Taxation
Automobiles
Business records
Government paperwork
Government records, documents, and information
Income tax
Motor Vehicles and Driving
Motor vehicles
Tax administration
Tax deductions
Transportation and Travel
Travel costs
A bill to amend the Internal Revenue Code of 1954 to provide that the substantiation requirements of section 274(d) of such Code may be met, in the case of passenger automobiles and other transportation property, if the taxpayer provides substantial evidence other than contemporaneous records.
Introduced: January 22, 1985
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 1985
Committee on Finance requested executive comment from OMB, Treasury Department.
Jan 22, 1985
Read twice and referred to the Committee on Finance.
Jan 22, 1985
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to provide that the substantiation requirements for the deductibility of business expenses for passenger automobiles or other means of transportation shall be met by providing adequate records or sufficient corroborating evidence rather than contemporaneous records.
What's happening now
Committee on Finance requested executive comment from OMB, Treasury Department.
Committees of jurisdiction
1