,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #gbbb  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #bb1 #bjbf,ms4
 ,mace introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to include wat]craft z   
applicable pass5g] vehicles = purpose ( 
d$uct+ p]sonal loan int]e/4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,no ,tax
 on ,boat ,loan ,int]e/ ,act ( #bjbf4   
#b4 ,no tax on boat int]e/  7a7 ,9 g5]al
 ,section #afc7;h77#d77;,d7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf is am5d$ to read 
z foll[s3  7,d7 ,applicable pass5g]     
vehicle  7i7 ,9 g5]al ,= purposes ( ?is 
p>agraph1 ! t]m applicable pass5g]      
vehicle means an applicable motor       
vehicle or an applicable wat]craft4     
7ii7 ,applicable motor vehicle ,=       
purposes ( ?is subp>agraph4 ! t]m       
applicable motor vehicle means any      
vehicle-- 7,i7 ! orig9al use ( :i*      
comm5ces ) ! taxpay]1  7,,ii7 :i* is    
manufactur$ prim>ily = use on public    

/reets1 roads1 & highways 7n includ+ a  
vehicle op]at$ exclusively on a rail or 
rails71  7,,iii7 :i* has at lea/ #b     
:eels1  7,,iv7 :i* is a c>1 m9ivan1 van1
 sport utility vehicle1 pickup truck1 or
 motorcycle1  7,v7 :i* is treat$ z a    
motor vehicle = purposes ( title ,,ii ( 
! ,clean ,air ,act1 &  7,,vi7 :i* has a 
gross vehicle weight rat+ ( less ?an    
#ad1jjj p\nds4  ,su* t]m %all n include 
any vehicle ! f9al assembly ( :i* did n 
occur )9 ! ,unit$ ,/ates4  7iii7        
,applicable wat]craft ,= purposes ( ?is 
subp>agraph1 ! t]m applicable wat]craft 
means a wat]craft-- 7,i7 ! orig9al use (
 :i* comm5ces ) ! taxpay]1  7,,ii7 :i*  
is a recreational vessel 7z def9$ 9     
section #baja ( title #df1 ,unit$ ,/ates
 ,code71 &  7,,iii7 :i* is a motorboat1 
z su* t]m is def9$ 9 section #ij4aj-bc (
 title #df1 ,code ( ,f$]al ,regulations 
7z 9 effect on ! date ( ! enactm5t ( ?is
 subp>agraph74  ,su* t]m %all n include 
any vessel ! f9al assembly ( :i* did n  
occur 9 ! ,unit$ ,/ates4  4  7b7 ,hull  

id5tification numb] requir$ ,section    
#afc7;h77#d77;iii7 ( su* ,code is am5d$ 
by /rik+ ! vehicle & all t foll[s ?r\gh 
! end ( ! s5t5ce & ins]t+ on ! return ( 
tax = ! taxable ye> ! vehicle           
id5tification numb] 79 ! case ( an      
applicable motor vehicle7 or ! hull     
id5tification numb] 79 ! case ( an      
applicable wat]craft744  7c7 ,con=m+    
am5dm5t ,section #fjej;,,aa7b77#b77;,e7 
( su* ,code is am5d$ by ins]t+ or hull  
aft] vehicle4  7d7 ,effective date ,!   
am5dm5ts made by ?is section %all apply 
to indebt$ness incurr$ aft] ,decemb]    
#ca1 #bjbd4