A bill to amend the Internal Revenue Code of 1954 to provide for a tax on every new automobile with respect to its weight.

Imposes upon every new automobile manufactured, produced, or imported, a tax based upon the respective weight of such automobile. States that the purposes of such tax are to stimulate the conservation of energy and to encourage the development, manufacture, and importation of automobiles which efficiently consume fuel. Requires that the tax shall be paid by the manufacturer, producer, or importer at such time and in such manner as the Secretary of Transportation shall prescribe.