{"database": "press", "table": "releases", "rows": [["https://dondavis.house.gov/media/press-releases/congressmen-davis-yakym-introduce-bipartisan-bill-eliminate-taxes-boat-loans", "Congressmen Davis, Yakym Introduce Bipartisan Bill to Eliminate Taxes on Boat Loans", "2026-07-10", "2026", "2026-07", "Democrat", "House", "NC", "Donald G. Davis", "D000230", "dondavis.house.gov", "dondavis", "https://dondavis.house.gov/media/press-releases", "scraper", "WASHINGTON, D.C. \u2014 Congressmen Don Davis (NC-01) and Rudy Yakym (IN-02) introduced the Boat Loan Interest Deduction Act of 2026 (H.R. 9532), bipartisan legislation that would extend the Working Families Tax Cut\u2019s No Tax on Auto Loans provision to boats.\n\nThe bill allows Americans to deduct up to $10,000 in interest relating to loans for qualifying boats that have final assembly in the U.S. The deduction phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers), which would lower the cost of ownership for families across the country.\n\n\u201cAs co-chair of the Congressional Boating Caucus, I\u2019m proud to stand with the workers, businesses, and communities that keep America\u2019s boating industry strong. In eastern North Carolina, from the Outer Banks to the Albemarle Sound, boating is more than a pastime, it\u2019s a way of life that supports local jobs, small businesses, and our coastal economy. That\u2019s why I\u2019m committed to strengthening American boatbuilding, protecting skilled manufacturing jobs, and preserving the coastal heritage that defines us,\u201d said Congressman Don Davis.\n\n\u201cThere\u2019s nothing more American than loading up the family and heading out on the lake for a summer afternoon. It\u2019s an important investment, and it should be treated like one,\u201d Congressman Yakym said. \u201cAs the congressman representing a district that builds some of the finest boats in the country, I hear from manufacturers and families alike about what this relief would mean. This bill is simple: if you\u2019re paying interest on a boat loan, you should be able to deduct it.\u201d\n\nThis legislation has gained the support of several members of the boating and manufacturing industries:\n\n\u201cEliminating taxes on boats is a win for American families, jobs, and manufacturing,\u201d said Smoker Craft, Inc. \u201cAs one of the oldest family-owned and operated boat manufacturers in the country, Smoker Craft, Inc. has always focused on value and accessibility. Lowering the cost of ownership puts more people on the water, strengthens our industry, and supports the communities that depend on it. We\u2019re grateful to Representative Rudy Yakym for his leadership in advancing this important effort.\u201d\n\n\u201cOn behalf of Brunswick Corporation, America\u2019s Marine Company and the world\u2019s largest manufacturer of recreational marine products, we applaud Congressman Rudy Yakym and Congressman Don Davis\u2019 bipartisan bill on behalf of American consumers,\u201d said Ryan Gwillim, Chief Financial Officer of Brunswick Corporation. \u201cBrunswick has worked closely with Congressman Yakym and Congressman Davis to advance policies that support access to recreation and strengthen U.S. manufacturing. Boating is an important part of how many middle-class families connect with the outdoors, and America\u2019s waterways are one of our nation\u2019s greatest assets. This legislation helps ensure that more families can continue to participate in the boating lifestyle for years to come.\u201d", 1, "2026-07-11T07:10:48Z", "2026-07-11T07:14:29Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://dondavis.house.gov/media/press-releases/congressmen-davis-yakym-introduce-bipartisan-bill-eliminate-taxes-boat-loans"], "units": {}, "query_ms": 1.0545807890594006, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}