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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.
Read the Full Bill
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
5Democrat Sponsors
0Republican Sponsors
5Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3450
Primary Policy Focus
TaxationAlternate 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.
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.
Comments
Sienna Finley
1,053
1 year ago
I like this bill. It helps with car loans.
Joy Parsons
1,018
1 year ago
I think this bill is good for people who have car loans. It might help me save some money on my taxes.
Sponsors and Cosponsors of HR 3450
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