HR 3450 · 119th CongressIn Committeecongress.gov ↗

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.

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Road to The Floor

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Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

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What this bill does

AI plain-language summary

This bill would change tax rules to let taxpayers deduct interest they pay on certain passenger vehicle loans from their taxes. No official summary is available for this bill.

Sponsor

Rep. Kelly, Mike [R-PA-16]

R

Introduced

May 15, 2025

Policy Area

Taxation

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