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United States · Bill · HR

H.R. 4897 (111th)

Drivers AID Act

referredUnited States· United States Congress· EN

Introduced

21 March 2010

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Drivers Accelerated Interest Deductibility Act of 2010 or the Drivers AID Act - Amends the Internal Revenue Code to allow a deduction from gross income of up to $5,000 for interest paid for the purchase of certain new automobiles or light trucks during periods when the national unemployment rate is 7% or greater.

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Documents

3 official files

Introduced in House (text)

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Sources

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