Intelligent Vehicle Highway Safety Act of 2004

H.R. 4931, the Intelligent Vehicle Highway Safety Act of 2004, proposed tax incentives to encourage the adoption of advanced safety technologies in motor vehicles. The bill would have allowed individual taxpayers to deduct up to $1,000 from their gross income for the cost of factory-installed systems designed to monitor driving conditions, alert drivers to hazards, or manage driver workload. Additionally, the legislation sought to exempt the first $5,000 of the retail excise tax on heavy trucks and trailers equipped with these intelligent safety systems. These incentives were intended to be temporary, with the deduction set to expire after 2010.