S 1887 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to expedite the installation of automatic safety air bags.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Subcommittee on Taxation and Debt Management. Hearings held.(1982-03-02)
Plain Language Summary
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Amends the Internal Revenue Code to impose a $300 excise tax on the sale by the manufacturer of each 1984 or later model passenger automobile in which an automatic safety air bag has not been installed. Allows a manufacturer a refundable $300 tax credit for each 1984 or later model passenger automobile in which such an air bag has been installed.…
Summarized by Claude AI · Non-partisan · For informational purposes only