Buy American Motor Vehicles Act of 1992

Summary

Buy American Motor Vehicles Act of 1992 - Amends the Internal Revenue Code to allow a tax credit, for an individual who purchases a domestic passenger vehicle, of: (1) 15 percent of the purchase price, in the case of a vehicle purchased in 1992 after January 31, 1992; and (2) 7.5 percent, in the case of a vehicle purchased in 1993. Limits the credit to $2,000 in 1992, and $1,000 in 1993. Allows an individual qualifying for such credit, at the time of such purchase, to assign the right to the credit to the retail dealer in exchange for a price reduction of equal value. Allows the retail dealer to assign such right to the manufacturer of the vehicle. Allows manufacturers to use such credit against their tax liability. Defines a domestic vehicle as: (1) one produced by a domestic vehicle manufacturer at a facility within the United States or Canada; and (2) one which includes required labeling on credit eligibility and the percentage of parts produced by domestic parts manufacturers. Defines a domestic parts manufacturer as one with manufacturing facilities within the United States or Canada and who is not Japanese or Japanese-affiliated.

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Timeline

1. 7 February 1992

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 February 1992

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 February 1992

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 February 1992

  Open at official source

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Sponsors

• Rep. Burton, Dan [R-IN-5] · R · Sponsor
• Rep. Traxler, Bob [D-MI-8] · D · Sponsor
• Rep. Dingell, John D. [D-MI-12] · D · Sponsor
• Rep. Levin, Sander M. [D-MI-12] · D · Sponsor
• Rep. Ford, William D. [D-MI-13] · D · Sponsor
• Rep. Camp, Dave [R-MI-4] · R · Cosponsor
• Rep. Hunter, Duncan [R-CA-52] · R · Cosponsor
• Rep. Wilson, Charles [D-TX-2] · D · Cosponsor
• Rep. Annunzio, Frank [D-IL-11] · D · Cosponsor
• Rep. Murtha, John P. [D-PA-12] · D · Cosponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Hall, Tony P. [D-OH-3] · D · Cosponsor
• Rep. Kildee, Dale E. [D-MI-5] · D · Cosponsor
• Rep. Poshard, Glenn [D-IL-22] · D · Cosponsor
• Rep. Ewing, Thomas W. [R-IL-15] · R · Cosponsor
• Rep. McDade, Joseph M. [R-PA-10] · R · Cosponsor
• Rep. Herger, Wally [R-CA-2] · R · Cosponsor
• Rep. Duncan, John J., Jr. [R-TN-2] · R · Cosponsor
• Rep. Bonior, David E. [D-MI-10] · D · Cosponsor
• Rep. Blackwell, Lucien E. [D-PA-2] · D · Cosponsor
• Rep. Walsh, James T. [R-NY-25] · R · Cosponsor
• · hswm00 · Standing

Related records

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