Summary: H.R.4897 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.4897. Bill summaries are authored by CRS.

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Introduced in House (03/21/2010)

Drivers Accelerated Interest Deductibility Act of 2010 or the Drivers AID Act - Amends the Internal Revenue Code to allow a deduction from gross income of up to $5,000 for interest paid for the purchase of certain new automobiles or light trucks during periods when the national unemployment rate is 7% or greater.