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No Tax on Boat Loan Interest Act of 2026
2/13/2026, 6:12 PM
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
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7222
Primary Policy Focus
TaxationAlternate 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
725
1 month ago
Interesting bill, curious to see how it plays out.
Westley Dickson
750
1 month ago
So glad to see this bill pass! No more taxes on boat loan interest - this is great news for boat owners like me. But I wonder, how will this impact the economy in the long run?
Jabari Zimmerman
775
1 month ago
I think this is a good idea. It could help a lot of people. Who will this bill help the most?
Sponsors and Cosponsors of HR 7222
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