S. 2231 (98th): A bill to amend the Internal Revenue Code of 1954 to limit the amount of depreciation and investment tax credit allowable for luxury automobiles.

Introduced:
Jan 30, 1984 (98th Congress, 1983–1984)
Status:
Died (Referred to Committee)
Sponsor
Max Baucus
Senator from Montana
Party
Democrat
Related Bills
H.R. 4135 (identical)

Referred to Committee
Last Action: Oct 06, 1983

H.R. 4170 (Related)
Deficit Reduction Act of 1984

Signed by the President
Jul 18, 1984

 
Status

This bill was introduced on January 30, 1984, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 30, 1984
Referred to Committee Jan 30, 1984
 
Summary

No summaries available.

Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/30/1984--Introduced.
Amends the Internal Revenue Code to limit the basis of passenger automobiles to $15,000 for purposes of determining the amount of depreciation and investment tax credit allowable. Allows for an automobile price inflation adjustment (if required) for the calendar year in which the automobile is placed in service.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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