,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #iecg  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #cj1 #bjbf ,mr4 
,yakym 7= himself & ,mr4 ,davis ( ,nor? 
,c>ol9a7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to all[ a d$uction = loan
 int]e/ paym5ts made ) respect to c]ta9 
wat]craft4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,boat ,loan ,int]e/     
,d$uction ,act ( #bjbf4  #b4 ,qualifi$  
pass5g] vehicles include c]ta9 wat]craft
 = purposes ( d$uction = int]e/ paid or 
accru$  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 ,=   
purposes ( ?is p>agraph-- 7i7 ,9 g5]al  
,! t]m applicable pass5g] vehicle means 
an applicable motor vehicle or an       
applicable wat]craft4  7ii7 ,applicable 
motor vehicle ,! 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 ,! 
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 motorboat 7z def9$ 
9 section #ij4aj-bc ( title #df1 ,code (
 ,f$]al ,regulations1 z 9 effect on !   
date ( ! enactm5t ( ?is subp>agraph74   
,su* t]m %all n include any wat]craft ! 
f9al assembly ( :i* did n occur 9 !     

,unit$ ,/ates4  4  7b7 ,con=m+ am5dm5ts 
,su* ,code is fur!r am5d$--  7#a7 9     
section #afc7;h77#d77;,b77iii7-- 7,a7 by
 /rik+ ,,v9 9 ! head+ & ins]t+          
,id5tification numb]1 &  7,b7 by /rik+ !
 vehicle id5tification numb] ( !        
applicable pass5g] vehicle describ$ 9   
clause 7i7 on ! return ( tax = ! taxable
 ye>4 & ins]t+ on ! return ( tax = !    
taxable ye>--  7,i7 ! vehicle           
id5tification numb] 9 ! case ( an       
applicable motor vehicle1 or  7,j7 !    
hull id5tification numb] 9 ! case ( an  
applicable wat]craft4  1 &  7#b7 9      
section #fjej;,,aa7b77#b77;,e71 by /rik+
 vehicle id5tification numb] & ins]t+   
vehicle or hull id5tification numb]4    
7c7 ,effective date ,! am5dm5ts made by 
?is section %all apply to indebt$ness   
incurr$ aft] ,decemb] #ca1 #bjbe4