HR. 3450In Committee
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.
Amends the Internal Revenue Code to allow deductions for qualified passenger vehicle loan interest on certain indebtedness
Plain-English overview
What this bill does
Amends the Internal Revenue Code to allow deductions for qualified passenger vehicle loan interest on certain indebtedness
Key points
- Amend tax code
- Allow vehicle loan interest deductions
Current status
Where it stands
Status
In Committee
Latest action
2025-05-15 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedTaxation