To amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
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Summary
Based on the bill's title, this measure would amend the Internal Revenue Code to allow taxpayers to deduct interest payments on loans for certain vehicles. The bill has been referred to the House Committee on Ways and Means but no further action has been taken. The specific vehicles covered and the scope of the deduction are not clear from the title alone.
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How your representatives voted
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