BILL • US HOUSE
To amend the Internal Revenue Code of 1986 to provide for special rules allowing taxpayers to deduct qualified passenger vehicle loan interest paid or accrued during the taxable year on certain indebtedness, and for other purposes.
119th Congress
HR 3450 allows taxpayers to deduct up to $10,000 in interest on loans for personal vehicles, boosting vehicle ownership and supporting the automotive industry.
Introduced in House
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