S 2753
99th Congress
Senate
Taxation
Agriculture and Rural Affairs
Automobiles
Depreciation and amortization
Income tax
Investment tax credit
Motor Vehicles and Driving
Postal Services and Facilities
Postal employees
Rural affairs legislation
Tax credits
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.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 13, 1986
Read twice and referred to the Committee on Finance.
Aug 13, 1986
Introduced in Senate
Plain-English summary
Allows rural letter carriers who use their own automobiles in performing services involving the collection and delivery of mail on a rural route to compute the amount of the income tax deduction for the use of such an automobile by using a standard mileage rate equal to 150 percent of the basic standard rate.
Exempts such letter carriers from the 50 percent business use requirement for depreciation and the investment tax credit if the standard mileage rate is not used.
Applies such rules to taxable years beginning after 1984.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1