H.R.7303 - Consumer and Automotive Recovery Act of 2008

To amend the Internal Revenue Code of 1986 to allow a one-time, $1,500 credit against income tax for the purchase an automobile manufactured in the United States. view all titles (3)

All Bill Titles

  • Short: Consumer and Automotive Recovery Act of 2008 as introduced.
  • Short: CAR Act as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to allow a one-time, $1,500 credit against income tax for the purchase an automobile manufactured in the United States. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
11/20/08
 
 
 
 
 
 
 

Official Summary

Consumer and Automotive Recovery Act of 2008 or the CAR Act - Amends the Internal Revenue Code to allow individual taxpayers a one-time tax credit for the purchase of a U.S. manufactured motor vehicle with a gross weight rating of not more than 14,000 pounds. Limits the amount of such credi

Official Summary

Consumer and Automotive Recovery Act of 2008 or the CAR Act - Amends the Internal Revenue Code to allow individual taxpayers a one-time tax credit for the purchase of a U.S. manufactured motor vehicle with a gross weight rating of not more than 14,000 pounds. Limits the amount of such credit to $1,500.

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