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.

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3450 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3450 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 15, 2025 Mr. Kelly of Pennsylvania (for himself and Mr. Huizenga) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. NO TAX ON CAR LOAN INTEREST. (a) In General.--Section 163(h) of the Internal Revenue Code of 1986 is amend…