Introduced by Rep. Gino Polidori (D) on March 10, 2009
To grant a $1,000 refundable income tax credit to a person who buys a new car from GM, Chrysler or Ford. “Refundable” means the state writes a check for the amount of the credit over a person’s tax liability. Essentially, the bill would give $1,000 to buyers of cars made by these companies or their subsidiaries. Official Text and Analysis.
Referred to the House Tax Policy Committee on March 10, 2009