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Tax Deduction for Interest on "Made in America" Car Loans

This act introduces a new tax deduction for individuals paying interest on loans used to purchase vehicles manufactured in the United States. Citizens can deduct up to $2,500 in interest from their income, potentially lowering their tax bill. These changes aim to encourage the purchase of vehicles assembled in the USA.
Key points
Allows a deduction of up to $2,500 for interest paid on qualified motor vehicle loans.
The deduction applies only to vehicles with final assembly in the United States, weighing less than 14,000 pounds, and having at least 4 wheels.
This deduction is available whether or not an individual itemizes other deductions.
The provisions take effect for taxable years beginning after December 31, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3191
Sponsor: Rep. Huizenga, Bill [R-MI-4]
Process start date: 2025-05-05
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Made in America Motors Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3191.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-05-05.

What are the main provisions?

Key points include:

  • Allows a deduction of up to $2,500 for interest paid on qualified motor vehicle loans.
  • The deduction applies only to vehicles with final assembly in the United States, weighing less than 14,000 pounds, and having at least 4 wheels.
  • This deduction is available whether or not an individual itemizes other deductions.
  • The provisions take effect for taxable years beginning after December 31, 2025.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Huizenga, Bill [R-MI-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

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