A bill to amend the Internal Revenue Code of 1986 to prorate the heavy vehicle use tax between the first and subsequent purchasers of the same vehicle in one taxable period.

Summary

Amends Internal Revenue Code provisions concerning the excise tax on heavy highway vehicles (over 55,000 pounds) to provide that if in any taxable period a highway motor vehicle is sold before the last day in such period by the person who paid the excise tax for any portion of such period ending with such last day, the tax shall be reckoned proportionately between such person and the purchaser from the date of the sale.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 May 2001

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 May 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 15 May 2001

  Open at official source

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