A bill to amend the Internal Revenue Code of 1954 to provide individuals a credit against income tax for 10 percent of the State and local general sales taxes imposed on their purchase of certain new American-made highway vehicles.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individual taxpayers an income tax credit equal to ten percent of the State and local sales taxes incurred in the purchase of a new American-made automobile. Limits the amount of such credit to $150. Terminates such credit with respect to vehicles sold after December 31, 1984.…