HR 3756 112th Congress House

Drivers AID Act

Official title: To amend the Internal Revenue Code of 1986 to allow a deduction for interest paid on indebtedness incurred in connection with the purchase of a new automobile or light truck.

Introduced: December 20, 2011 See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Dec 20, 2011

Introduced in House

Dec 20, 2011

Referred to the House Committee on Ways and Means.

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Latest action December 20, 2011

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

Drivers Accelerated Interest Deductibility Act of 2011 or the Drivers AID Act - Amends the Internal Revenue Code to allow a deduction from gross income of up to $5,000 for interest paid for the purchase of certain new automobiles or light trucks during periods when the average national unemployment rate is not less than 7%.

Bill text 1 version

Introduced in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

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APA

U.S. Congress. (2026). H.R. 3756: Drivers AID Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-3756/

MLA

"H.R. 3756: Drivers AID Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-3756/.

Bluebook (legal)

H.R. 3756, 112th Cong. (2026), https://openamerica.io/bill/112-HR-3756/.

Markdown link

[H.R. 3756: Drivers AID Act](https://openamerica.io/bill/112-HR-3756/)