Energy Efficient and Environmentally Friendly Automobile Tax Credit Act of 2008
Last action on Jul 8, 2008Referred to the House Committee on Ways and Means.
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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.
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