A bill to amend the Internal Revenue Code of 1954 to expedite the installation of automatic safety air bags.

Summary

Amends the Internal Revenue Code to impose a $300 excise tax on the sale by the manufacturer of each 1984 or later model passenger automobile in which an automatic safety air bag has not been installed. Allows a manufacturer a refundable $300 tax credit for each 1984 or later model passenger automobile in which such an air bag has been installed.

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

Timeline

1. 24 November 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 24 November 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 1 December 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department.

   Source: Committee

4. 28 January 1982

   Committee

   Subcommittee on Taxation and Debt Management. Hearings held.

   Source: Committee

5. 2 March 1982

   Committee

   Subcommittee on Taxation and Debt Management. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 24 November 1981

  Open at official source

Sponsors

• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Gorton, Slade [R-WA] · R · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.