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© 2026 Govwatch

HR7222Referred to Committee

No Tax on Boat Loan Interest Act of 2026

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-01-22
Introduced
1
Cosponsors
HR
ⓘ
Type

Sponsor

Nancy Mace
Nancy Mace
Republican · SC · Representative
Votes with party: 94.5% (477 recorded votes)

Full profile: /officials/M000194

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • W. Gregory Steube (R-FL-17)· 2026-02-20

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Ways and Means.

2026-01-22

Source: Congress.gov

Plain-English Summary

This bill would allow people who take out loans to buy boats to deduct the interest they pay on those loans from their federal income taxes, similar to how homeowners can deduct mortgage interest. The change would primarily benefit boat owners and potentially reduce their tax bills, though it could also reduce government tax revenue. The proposal is currently under review by the House committee that handles tax legislation.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • HJRES190Proposing an amendment to the Constitution of the United States to clarify the 14th amendment does not provide for automatic citizenship for the children of aliens.
    Referred to Committee · 2026-06-02
  • HR9063To amend title 5, United States Code, to restrict the employment in the Federal Government of individuals who are not citizens or nationals, and for other purposes.
    Referred to Committee · 2026-05-29
  • HR9030No Immigration Without Assimilation Act of 2026
    Referred to Committee · 2026-05-26
  • HJRES188Proposing an amendment to the Constitution of the United States to require that certain individuals are natural born citizens.
    Referred to Committee · 2026-05-20