Boat Loan Interest Deduction Act of 2026

This bill would change federal tax law so that interest paid on loans for certain new boats can be deducted, in the same way the law already allows for interest on certain new passenger vehicle loans. To qualify, the boat must be a recreational motorboat, its first use must begin with the taxpayer, and its final assembly must have occurred in the United States. Taxpayers claiming the deduction for a boat would list the boat's hull identification number on their tax return. The change would apply to loans taken out after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Rudy Yakym III Republican sponsor
• 6 cosponsors