legislation: 97-hr-7418

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
97-hr-7418 97 hr 7418 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. Taxation 1982-12-14 1982-12-14 Referred to House Committee on Ways and Means. House Rep. Moorhead, Carlos J. [R-CA-22] CA R M000926 0 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. 2024-02-07T16:32:33Z  

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