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No Tax on Boat Loan Interest Act of 2026

2/12/2026, 4:08 AM

Summary of Bill HR 7222

The bill titled "No Tax on Boat Loan Interest Act of 2026" was introduced in the 119th Congress as H.R. 7222 on January 22, 2026. The bill aims to prohibit the taxation of interest on boat loans. The specific directives or actions proposed in the bill are not explicitly mentioned in the provided context. More details may be available in the bill's official text, which can be accessed through the provided links.

Read the Full Bill

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Current Status of Bill HR 7222

Bill HR 7222 is currently in the status of Bill Introduced since January 22, 2026. Bill HR 7222 was introduced during Congress 119 and was introduced to the House on January 22, 2026.  Bill HR 7222's most recent activity was Referred to the House Committee on Ways and Means. as of January 22, 2026

Bipartisan Support of Bill HR 7222

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
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 7222

Primary Policy Focus

Alternate Title(s) of Bill HR 7222

To amend the Internal Revenue Code of 1986 to include watercraft as applicable passenger vehicles for purpose of deducting personal loan interest.
To amend the Internal Revenue Code of 1986 to include watercraft as applicable passenger vehicles for purpose of deducting personal loan interest.

Comments

Eleanor Harper profile image

Eleanor Harper

591

1 hour ago

Interesting bill, curious to see how it plays out.

Sponsors and Cosponsors of HR 7222

Nancy Mace
Nancy Mace
South CarolinaRepublican

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