Charles Grassley, R-Iowa, ranking member of the Senate Finance Committee, said he planned to co-sponsor a bill that will update the deductible cost of operating a vehicle for charitable purposes.

The bill, known as the Fair Deal for Volunteers Act, was introduced by Sens. Benjamin Cardin, D-Md.; Barbara Mikulski, D-Md.; and Olympia Snowe, R-Maine; in July and is pending in the Senate Finance Committee.

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