A bill to amend the Internal Revenue Code of 1954 to double the investment tax credit for American-made automobiles and certain light-duty trucks and to provide that the investment tax credit shall not be recaptured with respect to such vehicles by reason of any disposition, etc., after the second year of use.

referredUnited States· United States Congress· EN

Introduced

3 January 1983

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to increase from ten to 20 percent the investment tax credit for the purchase of American-made automobiles and certain light-duty trucks. Provides that such tax credit shall not be recaptured for vehicles sold after the second full year of use.

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Documents

1 official file

Introduced in House
summary · EN · 3 January 1983
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/98th-congress/house-bill/219
Open data entity: https://api.congress.gov/v3/bill/98/hr/219