A bill to amend the Internal Revenue Code of 1954 to double the investment tax credit for American-made automobiles and certain light-duty trucks and to provide that the investment tax credit shall not be recaptured with respect to such vehicles by reason of any disposition, etc., after the second year of use.

Amends the Internal Revenue Code to increase from 10 percent to 20 percent the investment tax credit for the purchase of American-made automobiles and certain light-duty trucks.

Provides that such tax credit shall not be recaptured by reason of any disposition of a qualified vehicle after the second full year of use.