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Committee approves change allowing DFA to set mileage rate by proclamation
Summary
Senate Bill 412 would let the Department of Finance and Administration set the deductible mileage rate by proclamation rather than by promulgating an administrative rule, enabling DFA to align quickly with IRS changes; the committee approved the bill on a voice vote with no fiscal impact recorded.
The Senate Revenue & Tax Committee voted to approve Senate Bill 412, which would permit the Department of Finance and Administration (DFA) to set the state mileage rate for tax purposes by proclamation instead of by going through the formal rulemaking process.
Senator Justin Boyd introduced the…
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