HR 2284 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that the disallowance of deductions for personal interest shall not apply to interest on loans used to buy highway vehicles.

Introduced 1991-05-09· Sponsored by Rep. Carr, Bob [D-MI-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1991-05-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a deduction for personal interest for interest on loans used to buy highway vehicles. Limits such amount to $2,000.…

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