H.R.1768: Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2009

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Bill Summary

Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2009 - Amends the Internal Revenue Code to allow individual and business taxpayers: (1) a tax credit for up to $2,000 of the cost of replacing a passenger automobile with another passenger automobile that is at least 20% more fuel efficient; and (2) tax deductions for state and local taxes and loan interest for the replacement automobile.

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Referred to the House Committee on Ways and Means.
March 26, 2009

Introduced in the House by Ron Paul (R-Texas)

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