Authorizes per-mile amount for tax deduction for travel and transportation expenses.
In determining travel, transportation expenses deductible in computing net income,
amount of per-mile deduction for vehicle miles shall be determined by proclamation.
The amount of the per-mile deduction allowed shall not exceed one dollar per mile.
Secretary shall set the per-mile amount as close to the amount of the per-mile deduction for vehicle miles most recently established by IRS as is fiscally responsible.
Shall issue proclamation no later than 30 days after the tax deduction is changed.
Legislative History
On Mar. 10, 2025, bill was introduced in Senate; on Apr. 1, 2025, bill passed Senate.
On Apr. 1, 2025, bill was introduced in House; on Apr. 7, 2025, bill passed House.
On Apr. 14, 2025, bill was signed into law by the governor and assigned Act 614.
Effectiveness
Act effective 91 days after legislature adjourned sine die (May 5), so Aug. 4, 2025.
