To amend the Internal Revenue Code of 1986 to encourage the removal of older, polluting passenger automobiles from use by providing a tax credit for removing such automobiles, and for other purposes.

Summary

Amends the Internal Revenue Code to allow a credit of $100 for each qualified older automobile of a taxpayer permanently removed from use pursuant to a program of the Environmental Protection Agency (EPA). Requires the Administrator of EPA to establish and implement such a program to encourage the permanent removal from use of automobiles older than model year 1980. Imposes an excise tax on chlorodifluoromethane (HCFC-22) as an ozone-depleting chemical.

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Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 July 1992

  Open at official source

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