Summary: H.R.7002 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.7002. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/01/1980)

Amends the Internal Revenue Code to restore the income tax deduction for State and local taxes on gasoline and other motor fuels and to make such deduction available to taxpayers who do not itemize deductions.

Requires prescription of gasoline tax tables based on the average fuel economy of automobiles with six cylinders, with no provision for different amounts of deduction for different sizes of automobiles.