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HR 8255 96th Congress House Taxation Automobile industry Automobiles Income tax Motor Vehicles and Driving Tax credits

A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for up to $800 of the cost of purchasing a new domestically produced automobile.

Introduced: October 1, 1980 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 1980
Referred to House Committee on Ways and Means.
Oct 1, 1980
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to allow an individual taxpayer an income tax credit for the purchase of a new domestically manufactured automobile which is acquired primarily for personal use and which has a specified fuel economy standard. Limits such credit to the lesser of ten percent of the cost of the automobile or $800.

What's happening now October 1, 1980

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1