US HB4960 | 2013-2014 | 113th Congress
Status
Sponsorship: Bipartisan Bill
Status: Introduced on June 25 2014 - 25% progression, died in committee
Action: 2014-06-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 25 2014 - 25% progression, died in committee
Action: 2014-06-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Charitable Automobile Red-Tape Simplification Act of 2014 or the CARS Act of 2014 - 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) 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.
Title
CARS Act of 2014
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-06-25 | House | Referred to the House Committee on Ways and Means. |
Subjects
Charitable contributions
Income tax deductions
Motor vehicles
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Taxation
Income tax deductions
Motor vehicles
Social work, volunteer service, charitable organizations
Tax administration and collection, taxpayers
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/4960/all-info |
| Text | https://www.congress.gov/113/bills/hr4960/BILLS-113hr4960ih.pdf |
