H.R. 3756 · 112th Congress
Drivers AID Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RichardsonSponsorNo cosponsors.
Drivers Accelerated Interest Deductibility Act of 2011 or the Drivers AID Act - Amends the Internal Revenue Code to allow a deduction from gross income of up to $5,000 for interest paid for the purchase of certain new automobiles or light trucks during periods when the average national unemployment rate is not less than 7%.
What it does: CRS summary · Introduced in House · Dec 20, 2011
Drivers Accelerated Interest Deductibility Act of 2011 or the Drivers AID Act - Amends the Internal Revenue Code to allow a deduction from gross income of up to $5,000 for interest paid for the purchase of certain new automobiles or light trucks during periods when the average national unemployment rate is not less than 7%.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Drivers AID Act
Also known as: Drivers Accelerated Interest Deductibility Act of 2011
Latest action (Dec 20, 2011): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Dec 20, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.