To amend the Internal Revenue Code of 1986 to include heavier vehicles and sport utility vehicles in the limitation on the depreciation of certain luxury automobiles and to impose the gas guzzler tax on such vehicles.
No Special Tax Subsidies for Gas Guzzlers Act of 2006 - Amends the Internal Revenue Code to impose: (1) depreciation limits applicable to luxury automobiles on certain heavy vehicles (rated at 8,500 pounds gross vehicle weight or less) and sport utility vehicles; and (2) the gas guzzler excise tax on such heavy vehicles and sport utility vehicles.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1104-1105)
Referred to the House Committee on Ways and Means.
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