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- S.878
S.878: A bill to amend the Internal Revenue Code of 1986 to prorate the heavy vehicle use tax between the first and subsequent purchasers of the same vehicle in one taxable period.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced May 15, 2001
- Latest Major Action May 15, 2001
Bill Sponsor
Bill Summary
Amends Internal Revenue Code provisions concerning the excise tax on heavy highway vehicles (over 55,000 pounds) to provide that if in any taxable period a highway motor vehicle is sold before the last day in such period by the person who paid the excise tax for any portion of such period ending with such last day, the tax shall be reckoned proportionately between such person and the purchaser from the date of the sale.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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May 15, 2001 |
Introduced in the Senate by James M. Inhofe (R-Okla.) |