Summary: H.R.8255 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.8255. Bill summaries are authored by CRS.

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Introduced in House (10/01/1980)

Amends the Internal Revenue Code to allow an individual taxpayer an income tax credit for the purchase of a new domestically manufactured automobile which is acquired primarily for personal use and which has a specified fuel economy standard. Limits such credit to the lesser of ten percent of the cost of the automobile or $800.