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Boat Loan Interest Deduction Act of 2026

H.R. 9537 Rep. Rudy Yakym (R-IN-2) In committee
Bill text PDF
  1. Introduced Jun 30
  2. Committee Jun 30
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jun 30, 2026Next: House vote
120d ago Jun 30, 2026: Referred to the House Committee on Ways and Means.
Final votes
No roll callsNo recorded vote on this bill yet
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Summary

This bill amends the Internal Revenue Code to allow a deduction for interest paid on loans for certain watercraft, treating them similarly to motor vehicles for the purpose of the qualified residence interest deduction. Sec. 2, Qualified passenger vehicles include certain watercraft: The bill expands the definition of 'applicable passenger vehicle' to include both motor vehicles and watercraft. An 'applicable watercraft' is defined as a recreational vessel that is a motorboat, with original use starting with the taxpayer, and must have final assembly in the United States. Conforming amendments update tax forms to require a hull identification number for watercraft instead of a vehicle identification number. The changes apply to loans incurred after December 31, 2025.

Summary of the bill text as introduced in House (Jun 30, 2026), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.