A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for 10 percent of the State and local general sales taxes imposed on their purchase of certain new American-made highway vehicles.

referredUnited States· United States Congress· EN

Introduced

21 August 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow individual taxpayers an income tax credit equal to ten percent of the State and local sales taxes incurred in the purchase of a new American-made automobile. Limits the amount of such credit to $150. Terminates such credit with respect to vehicles sold after December 31, 1984.

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Documents

1 official file

Introduced in House
summary · EN · 21 August 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/7996
Open data entity: https://api.congress.gov/v3/bill/96/hr/7996