H.R. 4897 · 111th Congress
Drivers Accelerated Interest Deductibility Act of 2010
- Stage
- In committee
- Sponsor
- Laura Richardson
- Introduced
- 2010-03-21
- Latest action
- 2010-03-21 · Introduced in House
Summary
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.