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S 1261 102th Congress Senate Taxation Boats and boating Excise tax Fur trade General aviation aircraft Jewelry trade Motor vehicles

A bill to amend the Internal Revenue Code of 1986 to repeal the luxury excise tax.

Introduced: June 11, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 11, 1991
Read twice and referred to the Committee on Finance.
Jun 11, 1991
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to repeal the luxury excise tax on passenger vehicles, boats, aircraft, jewelry, and furs.

What's happening now June 11, 1991

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 2, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1261: A bill to amend the Internal Revenue Code of 1986 to repeal the luxury excise tax.. 102nd Congress. Open America. https://openamerica.io/bill/102-S-1261/
MLA
"S. 1261: A bill to amend the Internal Revenue Code of 1986 to repeal the luxury excise tax.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-S-1261/.
Bluebook (legal)
S. 1261, 102nd Cong. (2026), https://openamerica.io/bill/102-S-1261/.
Markdown link
[S. 1261: A bill to amend the Internal Revenue Code of 1986 to repeal the luxury excise tax.](https://openamerica.io/bill/102-S-1261/)
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