# 119-hr-7582: CAR Act

119-hr-7582, CAR Act, is a 119th Congress bill sponsored by Rep. Perry, Scott [R-PA-10] (R-PA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7582
- 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-7582
- Congress: 119
- Title: CAR Act
- Status: introduced
- Introduced: 2026-02-13
- Sponsor: Rep. Perry, Scott [R-PA-10] (R-PA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**This bill would remove automobiles from the tax code's definition of "collectibles," so gains on car sales are taxed like regular capital assets.** It would shift profits from selling cars away from the special collectibles capital gains rate and into the general capital gains framework for non-collectible property. The change would apply to taxable years beginning after December 31, 2025, meaning it takes effect for tax year 2026 onward.

## Provisions PRIA read

- Lower capital gains tax on cars: benefit, low. This bill would amend the tax code to exclude automobiles from the definition of "collectible" for capital gains rules. If enacted, gains from selling cars would no longer get the special collectibles tax rate and would instead follow the regular capital gains rules for non-collectibles. The change…

## Related bills

- 119-hr-3330: Energy Freedom Act
- 119-hr-25: FairTax Act of 2025
- 119-hr-8324: Great American Healthcare Plan
- 119-hr-9200: Secure the Border Act of 2026
- 119-hr-9199: Permanent Trump Secure Border Act
- 119-hr-7816: Protect Liberty and End Warrantless Surveillance Act of 2026

## Sources
- [119-hr-7582 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7582)

## Related
- [119-hr-3330: Energy Freedom Act](https://policyrisk.com/legislation/119-hr-3330)
- [119-hr-25: FairTax Act of 2025](https://policyrisk.com/legislation/119-hr-25)
- [119-hr-8324: Great American Healthcare Plan](https://policyrisk.com/legislation/119-hr-8324)
- [119-hr-9200: Secure the Border Act of 2026](https://policyrisk.com/legislation/119-hr-9200)
- [119-hr-9199: Permanent Trump Secure Border Act](https://policyrisk.com/legislation/119-hr-9199)
- [119-hr-7816: Protect Liberty and End Warrantless Surveillance Act of 2026](https://policyrisk.com/legislation/119-hr-7816)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7582 (as of 2026-04-21).