,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #caia  ,,in ,,the ,,house ,,of  
,,representatives  ,may #e1 #bjbe,mr4   
,huizenga introduced the following bill2
 which was referred to the ,committee on
 ,ways and ,means  ,a ,,bill  ,to amend 
the ,internal ,revenue ,code of #aihf to
 allow an above-the-line deduction for  
qualified motor vehicle interest1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,made in 
,america ,motors ,act4  #b4 ,deduction  
for qualified motor vehicle interest    
7a7 ,in general ,part ,,vii of          
subchapter ,b of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by redesignating section #bbd as
 section #bbe and by inserting after    
section #bbc the following new section3 
#bbd4 ,deduction for motor vehicle      
interest  7a7 ,allowance of deduction   
,in the case of an individual1 there    
shall be allowed as a deduction an      
amount equal to the interest paid by the
 taxpayer during the taxable year on any

 qualified motor vehicle interest4  7b7 
,maximum deduction ,the amount allowed  
as a deduction under subsection 7a7     
shall not exceed #b1ejj4  7c7 ,denial of
 double benefit ,no deduction shall be  
allowed under this section for any      
interest with respect to which a        
deduction is allowable under any other  
provision of this chapter4  7d7         
,qualified motor vehicle interest ,for  
purposes of this section1 the term      
qualified motor vehicle interest means  
any indebtedness-- 7#a7 incurred on or  
after ,january #a1 #bjbe1  7#b7 incurred
 in acquiring a qualified motor vehicle1
 and  7#c7 secured by such motor        
vehicle4  7e7 ,qualified motor vehicle  
,for purposes of this section1 the term 
#8qualified motor vehicle' means-- 7#a7 
any vehicle which is manufactured       
primarily for use on public streets1    
roads1 and highways 7not including a    
vehicle operated exclusively on a rail  
or rails7 and which has at least #d     
wheels1  7#b7 which has a gross vehicle 

weight rating of less than #ad1jjj      
pounds1  7#c7 which is made by a        
manufacturer 7within the meaning given  
the term in section #ajb of the         
,national ,traffic and ,motor ,vehicle  
,safety ,act 7#di ,u4,s4,c4 #cjajb771   
and  7#d7 the final assembly of which   
occurs within the ,united ,states4  7f7 
,final assembly ,for purposes of        
subsection 7d71 the term #8final        
assembly' means the process by which a  
manufacturer produces a motor vehicle   
at1 or through the use of1 a plant1     
factory1 or other place from which the  
motor vehicle is delivered to a dealer  
with all component parts necessary for  
the mechanical operation of the motor   
vehicle included with the motor vehicle1
 whether or not the component parts are 
permanently installed in or on the motor
 vehicle4  4  7b7 ,deduction allowed    
whether or not individual itemizes other
 deductions ,section #fb7;a7 of such    
,code is amended by inserting after     
paragraph 7#ba7 the following new       

paragraph3  7#bb7 ,motor vehicle        
interest ,the deduction allowed by      
section #bbd4  4  7c7 ,clerical         
amendment ,the table of sections for    
part ,,vii of subchapter ,b of chapter  
#a of such ,code is amended by          
redesignating the item relating to      
section #bbd as an item relating to     
section #bbe and by inserting after the 
item relating to section #bbc the       
following new item3  ,sec4 #bbd4        
,deduction for motor vehicle interest4  
4  7d7 ,effective date ,the amendments  
made by this section shall apply to     
taxable years beginning after ,december 
#ca1 #bjbe4