A bill to amend the Internal Revenue Code of 1954 to allow a refundable tax credit of $250 for each new passenger automobile with a fuel consumption rate of at least 15 miles per gallon which is purchased during 1975 and $100 for any other new passenger automobile purchased during 1975.
Automobile Purchase Tax Credit Act - Allows a refundable tax credit under the Internal Revenue Code of $250 for each new passenger automobile with a fuel consumption rate of at least 15 miles per gallon which is purchased during 1975 and $100 for any other new passenger automobile purchase during 1975.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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