US HB385 | 2009-2010 | 111th Congress
Status
Spectrum: Moderate Partisan Bill (Republican 21-4)
Status: Introduced on January 9 2009 - 25% progression, died in committee
Action: 2009-01-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 9 2009 - 25% progression, died in committee
Action: 2009-01-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Consumer Auto Relief Act of 2009 or the CAR Act of 2009 - Amends the Internal Revenue Code to allow individual taxpayers a tax deduction for: (1) up to $7,500 of the purchase price of a new passenger automobile or light truck that is purchased in 2009; (2) interest paid on any loan to purchase such vehicles; and (3) state and local sales taxes paid on a vehicle purchase. Excludes from the gross income of lenders 50% of the interest paid on any consumer loan for the purchase of a new passenger automobile or light truck.
Title
CAR Act of 2009
Sponsors
Rep. Robert Aderholt [R-AL] | Rep. Spencer Bachus [R-AL] | Rep. Roscoe Bartlett [R-MD] | Rep. Jo Bonner [R-AL] |
Rep. Bobby Bright [D-AL] | Rep. John Campbell [R-CA] | Rep. Eric Cantor [R-VA] | Rep. Artur Davis [D-AL] |
Rep. Bart Gordon [D-TN] | Rep. Parker Griffith [R-AL] | Rep. Peter Hoekstra [R-MI] | Rep. Steven LaTourette [R-OH] |
Rep. Thaddeus McCotter [R-MI] | Rep. Howard McKeon [R-CA] | Rep. Candice Miller [R-MI] | Rep. Sue Myrick [R-NC] |
Rep. Bill Pascrell [D-NJ] | Rep. Bill Posey [R-FL] | Rep. Mike D. Rogers [R-AL] | Rep. Mike J. Rogers [R-MI] |
Rep. Ileana Ros-Lehtinen [R-FL] | Rep. Patrick Tiberi [R-OH] | Rep. Michael Turner [R-OH] | Rep. Lynn Westmoreland [R-GA] |
Rep. Don Young [R-AK] |
History
Date | Chamber | Action |
---|---|---|
2009-01-09 | Referred to the House Committee on Ways and Means. | |
2009-01-09 | Sponsor introductory remarks on measure. (CR H94) |
Subjects
Consumer credit
Income tax deductions
Income tax exclusion
Interest, dividends, interest rates
Motor vehicles
Sales and excise taxes
State and local taxation
Taxation
Income tax deductions
Income tax exclusion
Interest, dividends, interest rates
Motor vehicles
Sales and excise taxes
State and local taxation
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/385/all-info |
Text | https://www.congress.gov/111/bills/hr385/BILLS-111hr385ih.pdf |