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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.

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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
3
Democrat Sponsors
0
Republican Sponsors
3
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy 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 profile image

Veronica Kemp

423

7 months 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 profile image

Dennis Berry

427

7 months ago

Not sure how this affects me.

Robin Cooper profile image

Robin Cooper

429

7 months 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

David J. Taylor
David J. Taylor
OhioIndependent

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