A bill to amend the Internal Revenue Code of 1986 to restore the deduction for personal interest used to purchase a domestically produced automobile or light-duty truck.

referredUnited States· United States Congress· EN

Introduced

18 May 1987

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow a noncorporate taxpayer an income tax deduction for interest paid or incurred in connection with a loan used to purchase a new domestically manufactured automobile or light-duty truck. Specifies that the indebtedness must be secured by the vehicle being purchased.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 18 May 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/2445
Open data entity: https://api.congress.gov/v3/bill/100/hr/2445