S 477 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 and the National Traffic and Motor Vehicle Safety Act of 1966 to expedite the installation of automatic safety airbags.

Introduced 1983-02-15· Sponsored by Sen. Danforth, John C. [R-MO]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB, Treasury Department, Transportation Department.(1983-02-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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 income 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