H.R. 6441 · 110th Congress
Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2008
- Stage
- In committee
- Sponsor
- Ron Paul
- Introduced
- 2008-07-08
- Latest action
- 2008-07-08 · Introduced in House
Summary
Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2008 - 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.