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HR 2041 101th Congress House Taxation Accounting Automobiles Consumer credit Income tax Sales personnel

To amend the Internal Revenue Code of 1986 to allow income from the sale of certain used automobiles to be computed on the installment sales method, and for other purposes.

Introduced: April 18, 1989 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 22, 1990
Subcommittee Hearings Held.
Feb 21, 1990
Referred to the Subcommittee on Select Revenue Measures.
Feb 21, 1990
Subcommittee Hearings Held.
Apr 18, 1989
Referred to the House Committee on Ways and Means.
Apr 18, 1989
Introduced in House
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 Plain-English summary Congressional Research Service

Amends accounting provisions of the Internal Revenue Code to permit licensed used automobile dealers to use the installment method in connection with retail sales of any automobile that is more than three years old at the time of the sale if: (1) the sales price is $6,000 or less; and (2) the installment obligation arises solely from the sale in question and has a term of 36 months or less.

What's happening now February 22, 1990

Subcommittee Hearings Held.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Jun 19, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2041: To amend the Internal Revenue Code of 1986 to allow income from the sale of certain used automobiles to be computed on the installment sales method, and for other purposes.. 101st Congress. Open America. https://openamerica.io/bill/101-HR-2041/
MLA
"H.R. 2041: To amend the Internal Revenue Code of 1986 to allow income from the sale of certain used automobiles to be computed on the installment sales method, and for other purposes.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-2041/.
Bluebook (legal)
H.R. 2041, 101st Cong. (2026), https://openamerica.io/bill/101-HR-2041/.
Markdown link
[H.R. 2041: To amend the Internal Revenue Code of 1986 to allow income from the sale of certain used automobiles to be computed on the installment sales method, and for other purposes.](https://openamerica.io/bill/101-HR-2041/)
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