Summary: S.301 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for S.301. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/05/2003)

Amends the Internal Revenue Code to exclude from gross income amounts received from a charitable organization as reimbursement for the operating expenses of a passenger automobile utilized for the benefit of such organization, with exceptions.

Amends Federal law to revise provisions allowing the Secretary of the Treasury to impose a civil penalty for any violation of a provision regarding records and reports on foreign financial agency transactions (present law allows a penalty only for willful violations).