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United States · Bill · S

S. 1852 (109th)

Reducing the Incentives to Guzzle Gas Act

referredUnited States· United States Congress· EN

Introduced

6 October 2005

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR 10/7/2005 S11236)

Sponsors

Subjects

Discovery layer

Source updated

10 February 2026

Summary

Reducing the Incentives to Guzzle Gas Act - Amends the Internal Revenue Code to: (1) include certain heavy vehicles (with a gross vehicle weight of between 6,000 and 14,000 pounds) as passenger vehicles to which the limitations on the depreciation allowed for luxury automobiles apply; (2) exempt vehicles used in a farming business from such depreciation limitations; (3) revise the limitation amounts for the depreciation of luxury automobiles; and (4) allow the expensing of up to $30,000 of the cost of vehicles used in a farming business.

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Documents

3 official files

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Sources

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