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United States · Bill · HR

H.R. 7332 (96th)

A bill to amend the Internal Revenue Code of 1954 to allow a refundable income tax credit for the purchase of new automobiles manufactured by certain companies which have substantially increased their average fuel economy.

referredUnited States· United States Congress· EN

Introduced

13 May 1980

Last action

13 May 1980 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Brodhead, William [D-MI-17], Rep. Traxler, Bob [D-MI-8], Rep. Ford, William D. [D-MI-13], Rep. Broomfield, William S. [R-MI-18], Rep. Clay, William (Bill) [D-MO-1], Rep. Jones, Ed [D-TN-8], Rep. Young, Robert A. [D-MO-2], Rep. Dingell, John D. [D-MI-12], Sen. Mikulski, Barbara A. [D-MD], Rep. Diggs, Charles C., Jr. [D-MI-13], Rep. Nedzi, Lucien N. [D-MI-14], Rep. Bonior, David E. [D-MI-10], Rep. Kildee, Dale E. [D-MI-5], Rep. Murphy, Austin J. [D-PA-20], Rep. Conyers, John, Jr. [D-MI-13], Rep. Murtha, John P. [D-PA-12], Rep. Pursell, Carl D. [R-MI-2], Rep. Wolpe, Howard E. [D-MI-3], Rep. Albosta, Donald J. [D-MI-10], Rep. Ottinger, Richard L. [D-NY-20], Rep. Mazzoli, Romano L. [D-KY-3], Rep. Blanchard, James [D-MI-18], Rep. Bedell, Berkley W. [D-IA-6], Rep. Oberstar, James L. [D-MN-8], Rep. Seiberling, John F. [D-OH-14]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to allow individual taxpayers a refundable income tax credit for the purchase of new passenger automobiles after May 14, 1980, and before January 1, 1981, which were manufactured by companies whose average fuel economy rating for passenger automobiles in model year 1979 equals or exceeds 120 percent of their rating for model year 1974. Establishes the amount of such credit at $500.

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

Timeline

  1. 13 May 1980

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 13 May 1980

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 May 1980

    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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