A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for up to $800 of the cost of purchasing a new domestically produced automobile.

referredUnited States· United States Congress· EN

Introduced

1 October 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow an individual taxpayer an income tax credit for the purchase of a new domestically manufactured automobile which is acquired primarily for personal use and which has a specified fuel economy standard. Limits such credit to the lesser of ten percent of the cost of the automobile or $800.

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Documents

1 official file

Introduced in House
summary · EN · 1 October 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/8255
Open data entity: https://api.congress.gov/v3/bill/96/hr/8255