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H.R. 4897

BillFederalHouseIn Committee
Drivers AID Act
About This Bill
Committee
Latest Action · March 21, 2010
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
March 21, 2010
Cosponsors (2)
2D 0R
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Summary

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Drivers Accelerated Interest Deductibility Act of 2010 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 national unemployment rate is 7% or greater.

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