S. 1972 — A bill to amend the Internal Revenue Code of 1954 to exempt from the manufacturers' excise tax parts or accessories for light-duty trucks, and to allow manufacturers of a taxable truck body or chassis to combine it with certain taxable parts or accessories without incurring additional tax by reason of the combination.

Summary

Amends the Internal Revenue Code to: (1) exempt parts and accessories used in connection with light-duty trucks from the manufacturers excise tax; and (2) allow manufacturers to combine trucks with certain taxable parts or accessories without additional tax.

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Related Legislation

H.R. 4452A bill to amend the Internal Revenue Code of 1954 to exempt from the manufacturer excise tax parts or accessories for light duty trucks, and to allow manufacturers of a taxable truck body or chassis to combine it with certain taxable parts or accessories without incurring additional tax by reason of the combination.
1981-09-10Referred to House Committee on Ways and Means.
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Legislative Actions

1981-12-15
Introduced in Senate
1981-12-15
Read second time and referred to Senate Committee on Finance.
1981-12-23
Committee on Finance requested executive comment from OMB; Treasury Department.

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