To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles.

HB 159 To amend the Internal Revenue Code of 1986 to allow an above the line deduction against individual income tax for interest on indebtedness and for State and local sales and excise taxes with respect to the purchase of certain motor vehicles

US Congress 111th Congress

Bill Texts

Introduced 11/27/2010

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Sponsors (40)

Rep. Gerald E. Connolly


Co-Sponsor

Rep. David Loebsack


Co-Sponsor

Rep. Robert A. Brady


Co-Sponsor

Rep. Al Green


Co-Sponsor

Rep. John P. Sarbanes


Co-Sponsor

Rep. Leonard Lance


Co-Sponsor

Rep. David G. Reichert


Co-Sponsor

Rep. Bill Pascrell


Co-Sponsor

Rep. John Conyers


Co-Sponsor

Rep. Sheila Jackson-Lee


Co-Sponsor

Sen. Chris Van Hollen


Co-Sponsor

Rep. C.A. Dutch Ruppersberger


Co-Sponsor

Rep. Albio Sires


Co-Sponsor

Rep. Michael F. Doyle


Co-Sponsor

Rep. Mike D. Rogers


Co-Sponsor

Rep. Frank A. LoBiondo


Co-Sponsor

Rep. Edward R. Royce


Co-Sponsor

Rep. Michael R. Turner


Co-Sponsor

Rep. Patrick J. Tiberi


Co-Sponsor

Rep. Candice S. Miller


Co-Sponsor

Rep. Ed Pastor


Co-Sponsor

Rep. Sue Wilkins Myrick


Co-Sponsor

Rep. Rush D. Holt


Co-Sponsor

Rep. Donald A. Manzullo


Co-Sponsor

Rep. Henry E. Brown


Co-Sponsor

Rep. Todd Russell Platts


Co-Sponsor

Rep. Steven C. LaTourette


Co-Sponsor

Rep. Steve Kagen


Co-Sponsor

Rep. Eric J.J. Massa


Co-Sponsor

Rep. Sam Farr


Co-Sponsor

Rep. Alan B. Mollohan


Co-Sponsor

Rep. Ruben Hinojosa


Co-Sponsor

Rep. Donna M. Christensen


Co-Sponsor

Rep. Dennis Moore


Co-Sponsor

Rep. Peter Hoekstra


Co-Sponsor

Rep. Howard P. McKeon


Co-Sponsor

Rep. Thaddeus G. McCotter


Co-Sponsor

Rep. John M. McHugh


Co-Sponsor

Rep. Ron Paul


Co-Sponsor

Rep. John Campbell


Co-Sponsor

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Subject(s)

Taxation Consumer Credit Income Tax Deductions Interest, Dividends, Interest Rates Motor Vehicles Sales And Excise Taxes State And Local Taxation