Bill 119 s 895, also known as the "Charitable Mileage Rate Increase Act," aims to make a change to the Internal Revenue Code of 1986. Specifically, this bill seeks to raise the standard charitable mileage rate for the delivery of meals to elderly, disabled, frail, and at-risk individuals.
Currently, individuals who volunteer to deliver meals to those in need can deduct a certain amount per mile driven from their taxes as a charitable contribution. This bill proposes to increase that standard mileage rate, making it more financially beneficial for volunteers to participate in meal delivery programs.
The goal of this legislation is to incentivize more individuals to volunteer their time and resources to help those who are most vulnerable in our communities. By increasing the standard charitable mileage rate, lawmakers hope to encourage more people to get involved in delivering meals to elderly, disabled, frail, and at-risk individuals, ultimately improving the quality of life for those in need.
Overall, the Charitable Mileage Rate Increase Act is a targeted effort to support and expand charitable meal delivery programs, ultimately benefiting both volunteers and the individuals they serve.