A bill to amend the Internal Revenue Code of 1954 to provide a refundable income tax credit for the purchase of new highway vehicles.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individual taxpayers a refundable income tax credit for the purchase of a new automobile during a specified time period. Limits the amount of such credit to the lesser of ten percent of the cost of such vehicle or $1,000.…