Legislative Imperative
2012 ACB Legislative Seminar
Since its original authorization in 1986, charitable vehicle donation has become a critical fundraising tool for over 5,000 large and small charities like ACB and its state affiliates. As these programs proliferated, so did concern about abuses. In November 2003, the Government Accountability Office (GAO) reported on the benefits to charities and donors that resulted from vehicle donations. Before 2005, a taxpayer could deduct the fair market value (FMV) of vehicles donated to charity. Under Section 170 of Title 26 of the US…