HR 3928 · 94th Congress · Automobile insurance

A bill to amend the Internal Revenue Code of 1954 to allow an itemized deduction for motor vehicle insurance premiums.

Introduced 1975-02-27· Sponsored by Rep. Burke, James A. [D-MA-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-02-27)

Plain Language Summary

[AI summary unavailable — showing source text] Revises the Internal Revenue Code to allow as a deduction from gross income a maximum of $150 paid by an individual during the taxable year as a premium on a motor vehicle insurance policy which insures a motor vehicle owned by the taxpayer.…

Summarized by Claude AI · Non-partisan · For informational purposes only