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.

6/6/2025, 8:22 PM

Summary of Bill HR 3450

This bill, titled "To amend the Internal Revenue Code of 1986," was introduced in the 119th Congress as H.R. 3450 on May 15, 2025. Its purpose is to provide special rules allowing taxpayers to deduct qualified passenger vehicle loan interest paid or accrued during the taxable year on certain indebtedness.

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Current Status of Bill HR 3450

Bill HR 3450 is currently in the status of Bill Introduced since May 15, 2025. Bill HR 3450 was introduced during Congress 119 and was introduced to the House on May 15, 2025. Bill HR 3450's most recent activity was Referred to the House Committee on Ways and Means. as of May 15, 2025

Bipartisan Support of Bill HR 3450

Total Number of Sponsors

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Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 3450

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 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.