A Republican bill with 1 Democratic cosponsor · See all 6 cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The "Boat Loan Interest Deduction Act of 2026" proposes to change the Internal Revenue Code of 1986. It would allow taxpayers to deduct loan interest payments for certain watercraft. To qualify, the watercraft must be a motorboat and a recreational vessel. The boat must also have been assembled in the United States and its original use must start with the taxpayer. This change would apply to debt taken on after December 31, 2025.
Yes· 3 of 12
- Scored +2
Would people in middle age be better off under this?
Middle-aged individuals with the discretionary income to purchase recreational boats benefit from the loan interest deduction.
- Scored +2
Would middle-income households be better off under this?
Middle-class taxpayers purchasing qualifying new recreational watercraft can benefit from the interest deduction.
- Scored +2
Would high-income households be better off under this?
High-income households purchasing expensive recreational watercraft benefit from the new tax deduction.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Tax Deductions for Boat Owners: People who buy qualifying motorboats that are recreational vessels and assembled in the U.S. can deduct loan interest payments. This is found in Section 2(a)(ii) and (iii).
Potential Negative Impacts for People
- Exclusion of Foreign-Made Boats: People who purchase watercraft that were not finally assembled in the United States cannot use this deduction. This is stated in Section 2(a)(iii).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Boat manufacturers and marine dealerships benefit from incentives encouraging domestic watercraft purchases. Would high-income households be better off under this? — High-income households purchasing expensive recreational watercraft benefit from the new tax deduction. Would people in middle age be better off under this? — Middle-aged individuals with the discretionary income to purchase recreational boats benefit from the loan interest deduction. Would middle-income households be better off under this? — Middle-class taxpayers purchasing qualifying new recreational watercraft can benefit from the interest deduction. Would people with substantial wealth be better off under this? Would retired people be better off under this? Would people over 65 be better off under this? — Seniors purchasing recreational waterboats may benefit from the tax deduction. Would union members be better off under this? — Domestic manufacturing incentives may slightly benefit workers involved in building these watercraft.
- Economy And Finance
- Is this likely to create jobs? — By incentivizing the purchase of watercraft assembled in the United States, it may provide a modest boost to domestic manufacturing jobs. Does this cut taxes for middle-income families? — The bill allows a tax deduction for loan interest payments on certain domestically assembled recreational watercraft, slightly lowering tax burdens for individuals purchasing them. Is this likely to grow the economy? — Provides a small financial incentive supporting the domestic recreational boating and manufacturing market. Does this make it easier to run a small business? — Marine dealers and domestic boat manufacturers may see increased sales from the new financing deduction.
- 9/10/2026
- 1 Cosponsor added.
- 9/8/2026
- 1 Cosponsor added.
- 9/1/2026
- 1 Cosponsor added.
- 8/31/2026
- 1 Cosponsor added.
- 7/22/2026
- 1 Cosponsor added.
- 6/30/2026
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
Tim BurchettRepublican · Tennessee
Donald DavisDemocrat · North Carolina
Glenn GrothmanRepublican · Wisconsin
Carlos GimenezRepublican · Florida
Jimmy PatronisRepublican · Florida
Maria SalazarRepublican · Florida