U.S. Congress - H.R.159 To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against...
H.R.159 - To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles.
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- Official: To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles. as introduced.
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Official Summary
1/6/2009--Introduced.Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for: (1) interest paid on indebtedness (up to $49,500) incurred after November 12, 2008, and before January 1, 2010, for the purchase of a motor vehicle (i.e., passenger automoOfficial Summary
1/6/2009--Introduced.Amends the Internal Revenue Code to allow individual taxpayers a deduction from gross income for:(1) interest paid on indebtedness (up to $49,500) incurred after November 12, 2008, and before January 1, 2010, for the purchase of a motor vehicle (i.e., passenger automobile or light truck) with a gross vehicle weight rating of not more than 8,500 pounds; and
(2) state and local sales and excise taxes imposed on the purchase of such a motor vehicle.
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H.R.159: TBI Treatment Act - U.S. Congress - OpenCongress
This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordabl. Source: OpenCongress ...
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