S 1972 · 97th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to exempt from the manufacturers' excise tax parts or accessories for light-duty trucks, and to allow manufacturers of a taxable truck body or chassis to combine it with certain taxable parts or accessories without incurring additional tax by reason of the combination.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-12-23)
Plain Language Summary
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Amends the Internal Revenue Code to: (1) exempt parts and accessories used in connection with light-duty trucks from the manufacturers excise tax; and (2) allow manufacturers to combine trucks with certain taxable parts or accessories without additional tax.…
Summarized by Claude AI · Non-partisan · For informational purposes only