2002 House Bill 5621

Introduced in the House

Feb. 12, 2002

Introduced by Rep. Jud Gilbert (R-82)

To authorize an income tax deduction for the reinvestment of money paid to Oldsmobile dealers as a result of the phase out of the Oldsmobile brand. This relates to a payment made by General Motors to Oldsmobile dealers to assist them in the transition to selling new brands when Oldsmobiles are no longer made.

Referred to the Committee on Tax Policy