HR 3655 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to provide that interest on car loans will be exempt from the provisions denying a deduction for personal interest.

Introduced 1987-11-18· Sponsored by Rep. Hertel, Dennis M. [D-MI-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1987-11-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a noncorporate taxpayer an income tax deduction for interest on indebtedness incurred to acquire an automobile.…

Summarized by Claude AI · Non-partisan · For informational purposes only