A bill to amend the Internal Revenue Code of 1954 to provide individuals an income tax credit of up to $1,500 for each new American-made passenger automobile acquired by the taxpayer.
Domestic Auto Incentive Tax Act of 1982 - Amends the Internal Revenue Code to allow individual taxpayers an income tax credit equal to ten percent of the cost of purchasing between March 2, 1982, and January 1, 1988, a new 1982 or later model American-made passenger automobile. Limits such credit to $1,500.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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