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United States · Bill · HR

H.R. 5681 (97th)

A bill to amend the Internal Revenue Code of 1954 to deny depreciation deductions with respect to imported highway motor vehicles.

referredUnited States· United States Congress· EN

Introduced

2 March 1982

Last action

2 March 1982 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. St Germain, Fernand J. [D-RI-1], Rep. Benjamin, Adam, Jr. [D-IN-1], Rep. Hertel, Dennis M. [D-MI-14], Rep. Murphy, Austin J. [D-PA-20], Rep. Mitchell, Parren J. [D-MD-7], Rep. Brodhead, William [D-MI-17], Rep. Richmond, Frederick W. [D-NY-14], Rep. Hoyer, Steny H. [D-MD-5], Rep. Bonior, David E. [D-MI-10], Rep. Ertel, Allen E. [D-PA-17], Rep. Dingell, John D. [D-MI-12], Rep. Vento, Bruce F. [D-MN-4], Rep. Roth, Toby [R-WI-8], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Traxler, Bob [D-MI-8], Rep. Gray, William H., III [D-PA-2], Sen. Simon, Paul [D-IL], Rep. Oberstar, James L. [D-MN-8], Rep. Stokes, Louis [D-OH-11], Rep. Crockett, George W., Jr. [D-MI-13], Rep. Young, Robert A. [D-MO-2]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Summary

Amends the Internal Revenue Code to disallow a business expense deduction for depreciation of imported motor vehicles. Grants the President authority to exempt any motor vehicle where the disallowance of depreciation is not in the public interest.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 2 March 1982

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 2 March 1982

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 March 1982

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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