HR 5406 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow a refundable income tax credit for the purchase of new automobiles manufactured by domestic automobile companies.

Introduced 1982-02-02· Sponsored by Rep. Broomfield, William S. [R-MI-19]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1982-02-02)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individual taxpayers an income tax credit of $1,500 for purchasing between December 31, 1981, and January 1, 1984, a new 1981 or later model American-made passenger automobile.…

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