CONGRESS FOR VOTERS

RepublicanBill · H.R. 9537· House(119-HR-9537)

Boat Loan Interest Deduction Act of 2026

Rep. Yakym
Age: 42 years
Indiana
Introduced
6/30/2026
Last activity
6/30/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
Rudy Yakym
Cosponsors
Republican - 5Democrat - 1
Taxation
  1. Introduced
  2. In Committee

What this bill would do

The "Boat Loan Interest Deduction Act of 2026" proposes to change the Internal Revenue Code of 1986. It would allow taxpayers to deduct loan interest payments for certain watercraft. To qualify, the watercraft must be a motorboat and a recreational vessel. The boat must also have been assembled in the United States and its original use must start with the taxpayer. This change would apply to debt taken on after December 31, 2025.

Yes· 3 of 12

  • Would people in middle age be better off under this?+2

    Middle-aged individuals with the discretionary income to purchase recreational boats benefit from the loan interest deduction.

  • Would middle-income households be better off under this?+2

    Middle-class taxpayers purchasing qualifying new recreational watercraft can benefit from the interest deduction.

  • Would high-income households be better off under this?+2

    High-income households purchasing expensive recreational watercraft benefit from the new tax deduction.

The opposite

No question was scored the opposite.