A bill to amend the Internal Revenue Code of 1954 to provide a credit against income tax for up to $750 of the cost of purchasing a new highway vehicle.

Amends the Internal Revenue Code to allow an income tax credit for the purchase of a model year 1981 or later highway vehicle which is manufactured in the United States and which is purchased by the taxpayer after January 1, 1983, and before December 31, 1984. Limits the amount of such credit to $500 or $750 in the case of a certified high fuel efficiency vehicle.