# 119-hr-7222: No Tax on Boat Loan Interest Act of 2026

119-hr-7222, No Tax on Boat Loan Interest Act of 2026, is a 119th Congress bill sponsored by Rep. Mace, Nancy [R-SC-1] (R-SC); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7222
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7222
- Congress: 119
- Title: No Tax on Boat Loan Interest Act of 2026
- Status: introduced
- Introduced: 2026-01-22
- Sponsor: Rep. Mace, Nancy [R-SC-1] (R-SC)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Expands the personal loan interest deduction to cover certain recreational motorboats.** This bill would treat qualifying watercraft like eligible passenger vehicles for the personal loan interest deduction if they meet federal vessel and motorboat definitions and a U.S. final-assembly requirement. - Families and boat buyers would be able to deduct interest on loans used to buy qualifying recreational motorboats that begin original use with the buyer and meet federal recreational vessel and motorboat definitions. - U.S. boat assemblers would benefit because a qualifying watercraft must have its final assembly in the United States. - Taxpayers and tax preparers would need to report hull identification numbers (HINs) on returns for qualifying boats, matching the vehicle identification number (VIN) rule for cars. - The change would apply to debt incurred after December 31, 2024.

## Cosponsors (1)

- Rep. Steube, W. Gregory [R-FL-17] (R-FL), 2026-02-20T00:00:00.000Z

## Provisions PRIA read

- New HIN reporting for boat sellers: cost, low. This bill would require sellers, lessors, and dealers who file section 6050AA information returns to include a boat's hull identification number (HIN) as well as vehicle VINs. The change would take effect on the same schedule as the deduction rules, applying to transactions tied to indebtedness inc…
- Tax break for qualifying boat loans: mixed, high. This bill would let you deduct interest on indebtedness to buy a qualifying recreational motorboat for loans taken after December 31, 2024. The boat must be first used by you, be a recreational vessel under 46 U.S.C. 2101, be a motorboat under 46 C.F.R. 90.10-23 (as of enactment), and have final as…

## Related bills

- 119-hr-4669: FEMA Act of 2025
- 119-hr-9298: Stopping Harmful and Outrageous Torts Act
- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-5509: Safe Step Act
- 119-hr-116: Stopping Border Surges Act
- 119-hr-7651: Chloe Cole Act of 2026

## Sources
- [119-hr-7222 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7222)

## Related
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-5509: Safe Step Act](https://policyrisk.com/legislation/119-hr-5509)
- [119-hr-116: Stopping Border Surges Act](https://policyrisk.com/legislation/119-hr-116)
- [119-hr-7651: Chloe Cole Act of 2026](https://policyrisk.com/legislation/119-hr-7651)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7222 (as of 2026-04-21).