HR 1645 · 93th Congress · Automobile insurance
A bill to amend the Internal Revenue Code of 1954 to allow an itemized deduction for motor vehicle insurance premiums.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1973-01-09)
Plain Language Summary
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Provides, under the Internal Revenue Code, that in the case of an individual there shall be allowed as a deduction any amount, up to $150, paid during the taxable year as premiums on a motor vehicle insurance policy which insures a motor vehicle owned by the taxpayer. (Adds 26 U.S.C. 218)…
Summarized by Claude AI · Non-partisan · For informational purposes only