A bill to amend the Internal Revenue Code of 1954 and the National Traffic and Motor Vehicle Safety Act of 1966 to expedite the installation of automatic safety airbags.

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 income tax credit for each 1984 or later model passenger automobile in which such an air bag has been installed.

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Timeline

1. 15 February 1983

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 15 February 1983

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 22 February 1983

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department, Transportation Department.

   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 · 15 February 1983

  Open at official source

Sponsors

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

Related records

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