HR 3756 · 112th Congress · Taxation

Drivers AID Act

Introduced 2011-12-20· Sponsored by Rep. Richardson, Laura [D-CA-37]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2011-12-20)

Plain Language Summary

[AI summary unavailable — showing source text] Drivers Accelerated Interest Deductibility Act of 2011 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 average national unemployment rate is not less than 7%.…

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