TEAM Volunteers Act

Hozzl · 2022-12-29T18:05:02Z

Explore the details of House Bill 8265 TEAM Volunteers Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/29/2022, 6:05 PM

Summary of Bill HR 8265

The TEAM Volunteers Act, also known as Bill 117 hr 8265, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to establish a program that encourages individuals to volunteer in their communities and provide assistance to those in need.

Under the TEAM Volunteers Act, a new volunteer program would be created that would allow individuals to sign up to volunteer in various capacities, such as helping with disaster relief efforts, assisting with community clean-up projects, or providing support to local non-profit organizations. Volunteers would be able to choose the type of work they are interested in and would be matched with opportunities that align with their skills and interests.

The bill also includes provisions for training and support for volunteers, as well as incentives for businesses to allow their employees to take time off to participate in volunteer activities. Additionally, the TEAM Volunteers Act aims to increase awareness of the benefits of volunteering and encourage more individuals to get involved in their communities. Overall, the TEAM Volunteers Act is designed to promote civic engagement and community service, and to provide support for individuals who want to make a positive impact in their communities. If passed, this legislation could have a significant impact on the level of volunteerism in the United States and help to address important social issues.

Congressional Summary of HR 8265

Tax Emergency Adjustment for Mileage Volunteers Act or the TEAM Volunteers Act

This bill increases the rate of the tax deduction for the charitable use of a passenger automobile to equal the standard business rate (i.e., 58.5 cents per mile in the first half of 2022, then 62.5 cents per mile for the rest of that year) for taxable years beginning after 2021 and before 2024. It then provides for a permanent 24 cents per mile rate, adjusted annually for inflation, for taxable years beginning after 2023.

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Current Status of Bill HR 8265

Bill HR 8265 is currently in the status of Bill Introduced since July 1, 2022. Bill HR 8265 was introduced during Congress 117 and was introduced to the House on July 1, 2022. Bill HR 8265's most recent activity was Referred to the House Committee on Ways and Means. as of July 1, 2022