Lets people deduct loan interest for certain new US-made recreational motorboats.
This bill would let people deduct the interest they pay on loans for certain new recreational motorboats. Currently, this tax break is only for cars and other motor vehicles. If passed, this change would apply to loans taken out after December 31, 2025, for US-assembled boats.
Today, taxpayers can deduct loan interest for certain motor vehicles like cars and trucks, but not for boats. If this bill becomes law, people would be able to deduct loan interest for certain new recreational motorboats assembled in the United States. This applies to loans taken out after December 31, 2025.
HR 9537 · 119th Congress · June 30, 2026 · AI Summary by gemini-2.5-flash · 9/10
Sign in to see your representatives' phone numbers