S. 1444 — A bill to amend the Internal Revenue Code of 1986 to allow a deduction for 25 percent of the purchase price of new electric-powered automobiles.

Summary

Amends the Internal Revenue Code to allow individuals an itemized deduction of 25 percent of the costs incurred in purchasing a qualified electric-powered automobile. Prohibits such deduction for business and investment property for which depreciation or amortization is allowed.

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Legislative Actions

1991-07-10
Introduced in Senate
1991-07-10
Read twice and referred to the Committee on Finance.

A bill to amend the Internal Revenue Code of 1986 to allow a deduction for 25 percent of the purchase price of new electric-powered automobiles.

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Summary

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