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H.R. 1957 104th Congress House

Consumer Auto-Tax Relief Act

Official title: To amend the Internal Revenue Code of 1986 to allow the deduction of certain interest on automobile loans.

Introduced: June 29, 1995 See on congress.gov
Taxation AutomobilesBudget deficitsBuy AmericanCommerce
More subjectsShow fewer subjects
Consumer creditDeficit reductionEconomics and Public FinanceExecutive impoundment of appropriated fundsFederal budgetsFinance and Financial SectorForeign Trade and International FinanceIncome taxInterestLoansTax deductionsTransportation and Public Works
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 30, 1995
Sponsor introductory remarks on measure. (CR E1369)
Jun 29, 1995
Referred to the House Committee on Ways and Means.
Jun 29, 1995
Introduced in House
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 Latest action June 30, 1995

Sponsor introductory remarks on measure. (CR E1369)

 Plain-English summary Congressional Research Service

Consumer Auto-Tax Relief Act - Amends the Internal Revenue Code to allow a deduction for interest on the acquisition of an automobile: (1) of which 60 percent or more of its equipment originated in the United States or Canada; (2) the price of which is under $35,000; and (3) the sale of which is its first retail sale.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 3
D
Clyburn, James E.
South Carolina · Jun 29, 1995
FROST, MARTIN
· Jun 29, 1995
 D
Kaptur, Marcy
Ohio · Jun 29, 1995
LIPINSKI, WILLIAM
· Jun 29, 1995
 D
Thompson, Bennie G.
Mississippi · Jun 29, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1957: Consumer Auto-Tax Relief Act. 104th Congress. Open America. https://openamerica.io/bill/104-HR-1957/
MLA
"H.R. 1957: Consumer Auto-Tax Relief Act." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-1957/.
Bluebook (legal)
H.R. 1957, 104th Cong. (2026), https://openamerica.io/bill/104-HR-1957/.
Markdown link
[H.R. 1957: Consumer Auto-Tax Relief Act](https://openamerica.io/bill/104-HR-1957/)
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