HR 6441

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To amend the Internal Revenue Code of 1986 to provide tax incentives for replacing an automobile with a more fuel-efficient automobile.

Sponsor: Ronald Paul (R) TX

Status: Active

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Summary:

7/8/2008--Introduced.Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2008 - Amends the Internal Revenue Code to allow individual and business taxpayers: (1) a tax credit for up to $2,000 of the cost of replacing a passenger automobile with another passenger automobile that is at least 20% more fuel efficient; and (2) tax deductions for state and local taxes and loan interest for the replacement automobile.

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7/8/2008

Sponsor introductory remarks on measure. (CR E1407)

7/8/2008

Referred to the House Committee on Ways and Means.

Titles:

Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2008

To amend the Internal Revenue Code of 1986 to provide tax incentives for replacing an automobile with a more fuel-efficient automobile.