[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1443 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                S. 1443

To amend the Internal Revenue Code of 1986 to repeal the excise tax on 
                       luxury passenger vehicles.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

            September 8 (legislative day, September 7), 1993

 Mr. Exon (for himself and Mr. Kerrey) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to repeal the excise tax on 
                       luxury passenger vehicles.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF LUXURY TAX ON PASSENGER VEHICLES.

    (a) In General.--Chapter 31 of the Internal Revenue Code of 1986 
(relating to retail excise taxes) is amended by striking subchapter A.
    (b) Conforming Amendments.--
            (1) Subsection (c) of section 4221 is amended by striking 
        ``4001(c), 4001(d), or''.
            (2) Subsection (d) of section 4222 is amended by striking 
        ``4001(c), 4001(d),''.
            (3) The table of subchapters for chapter 31 is amended by 
        striking the item relating to subchapter A.
    (c) Effective Date.--The amendments made by this section shall take 
effect on January 1, 1993.

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