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USA CAR Act
5/9/2025, 5:43 PM
Summary of Bill HR 2981
The bill titled "To amend the Internal Revenue Code of 1986 to allow a deduction for qualified automobile interest" was introduced in the 119th Congress on April 21, 2025. The purpose of the bill is to enable a deduction for qualified automobile interest under the Internal Revenue Code of 1986.
Read the Full Bill
Current Status of Bill HR 2981
Bill HR 2981 is currently in the status of Bill Introduced since April 21, 2025. Bill HR 2981 was introduced during Congress 119 and was introduced to the House on April 21, 2025. Bill HR 2981's most recent activity was Referred to the House Committee on Ways and Means. as of April 21, 2025
Bipartisan Support of Bill HR 2981
Total Number of Sponsors
3Democrat Sponsors
0Republican Sponsors
3Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 2981
Primary Policy Focus
Alternate Title(s) of Bill HR 2981
To amend the Internal Revenue Code of 1986 to allow a deduction for qualified automobile interest.
To amend the Internal Revenue Code of 1986 to allow a deduction for qualified automobile interest.
Comments
Veronica Kemp
1,197
1 year ago
I love this new bill! It's gonna help me save money on my car expenses. Can't wait for it to pass!
Dennis Berry
1,068
1 year ago
Not sure how this affects me.
Robin Cooper
1,051
1 year ago
I think it's good that they're allowing a deduction for car interest. It'll help me save money.
Sponsors and Cosponsors of HR 2981
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