HR 1957
104th Congress
House
Taxation
Automobiles
Budget deficits
Buy American
Commerce
Consumer credit
Deficit reduction
Economics and Public Finance
Executive impoundment of appropriated funds
Federal budgets
Finance and Financial Sector
Foreign Trade and International Finance
Income tax
Interest
Loans
Tax deductions
Transportation and Public Works
Consumer Auto-Tax Relief Act
Introduced: June 29, 1995
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 1995
Sponsor introductory remarks on measure. (CR E1369)
Jun 29, 1995
Referred to the House Committee on Ways and Means.
Jun 29, 1995
Introduced in House
Plain-English summary
Consumer Auto-Tax Relief Act - Amends the Internal Revenue Code to allow a deduction for interest on the acquisition of an automobile: (1) of which 60 percent or more of its equipment originated in the United States or Canada; (2) the price of which is under $35,000; and (3) the sale of which is its first retail sale.
What's happening now
Sponsor introductory remarks on measure. (CR E1369)
Committees of jurisdiction
1