United States 119th Congress Status: In Committee Bipartisan · 4 R · 1 D cosponsors

HR 9537 — Boat Loan Interest Deduction Act of 2026

Last action — Referred to the House Committee on Ways and Means.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced June 30, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 40% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 5 sponsors

    1 primary, 4 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (4 R · 1 D) — cross-party backing.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill allows taxpayers to deduct interest on boat loans from their taxable income.

This legislation proposes that individuals can deduct the interest paid on loans used to purchase boats from their taxable income. This could lower the overall tax burden for those who finance boat purchases.

What this means for you
  • Consumers: This means consumers may have a lower tax bill if they finance a boat purchase.

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends the Internal Revenue Code to include certain watercraft as applicable passenger vehicles for loan interest deductions.

  • 26 U.S.C. § 163(h)(4)(D)

    the vehicle identification number of the applicable passenger vehicle described in clause (i) on the return of tax for the taxable year. → on the return of tax for the taxable year-- (I) the vehicle identification number in the case of an applicable motor vehicle, or (J) the hull identification number in the case of an applicable watercraft.

    This change specifies that taxpayers must provide the hull identification number for applicable watercraft instead of just the vehicle identification number for motor vehicles.

  • 26 U.S.C. § 163(h)(4)(D)

    VIN → Identification number

    This change updates the heading to reflect the inclusion of watercraft identification numbers.

  • 26 U.S.C. § 163(h)(4)(D)

    (iii) Applicable watercraft.--The term applicable watercraft means a watercraft-- (I) the original use of which commences with the taxpayer, (II) which is a recreational vessel (as defined in section 2101 of title 46, United States Code), and (III) which is a motorboat (as defined in section 90.10-23 of title 46, Code of Federal Regulations, as in effect on the date of the enactment of this subparagraph). Such term shall not include any watercraft the final assembly of which did not occur in the United States.

    This addition defines applicable watercraft for tax purposes, allowing for tax deductions related to loan interest on certain recreational vessels.

  • 26 U.S.C. § 6050AA(b)(2)(E)

    vehicle identification number → vehicle or hull identification number

    This update expands the type of identification numbers required for tax reporting to include hull identification numbers for watercraft.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Ways and Means.

Sponsors

Sponsorship breakdown

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1 sponsors · 4 co-sponsors · 542 not signed on

Sponsors (1)

Co-sponsors (4)

Not signed on (542)

542 members have not signed on to this bill.

Show all 542 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 9537?
HR 9537 is sponsored by Yakym, Rudy (Republican), Davis, Donald G. (Democratic), Gimenez, Carlos A. (Republican), Patronis, Jimmy (Republican), and Salazar, Maria Elvira (Republican).
What is the current status of HR 9537?
This bill is in committee in the House. Introduced June 30, 2026. It must pass committee before a floor vote.
Where can I track HR 9537?
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