H.R. 7582

Summary

H.R. 7582, the CAR Act, was introduced in the House on Feb 13, 2026 by Rep. Scott Perry (R). It was referred to Ways And Means, and last saw action on Feb 13, 2026: Referred to the House Committee on Ways and Means.

Record

Text

H.R. 7582 has no co-sponsors and has not gone to a roll call.

119 HR 7582 IH: Collector Automobile Relief Act
 U.S. House of Representatives
 2026-02-13
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7582  IN THE HOUSE OF REPRESENTATIVES   February 13, 2026   Mr. Perry  introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to exclude automobiles from being treated as collectibles for purposes of capital gains tax, and for other purposes.
1.
Short title
This Act may be cited as the   Collector Automobile Relief Act   or the   CAR Act  .
2.
Automobiles not treated as collectibles for purposes of capital gains tax
(a)
In general
 Section 1(h)(5)(A)  of the Internal Revenue Code of 1986 is amended by inserting  and excluding automobiles  after  collectible (as defined in section 408(m) without regard to paragraph (3) thereof .
(b)
Effective date
The amendment made by this section shall apply to taxable years beginning after December 31, 2025.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

To amend the Internal Revenue Code of 1986 to exclude automobiles from being treated as collectibles for purposes of capital gains tax, and for other purposes.

Sponsors

Rep. Scott Perry (R) sponsors H.R. 7582 alone.

Scott Perry

Rep. · R–PA-10 · Sponsor

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Committees

H.R. 7582 went before 1 committee: Ways and Means.

Ways and Means

Ways and Means

Referred To · Feb 13, 2026 · 1,160 Bills

Actions

H.R. 7582 has taken 2 actions since Feb 13, 2026.

Votes

H.R. 7582 has not gone to a roll call.

Titles

H.R. 7582 goes by 4 titles, 2 of them short titles.

• CAR Act — Display Title
• CAR Act — Short Title(s) as Introduced
• Collector Automobile Relief Act — Short Title(s) as Introduced
• To amend the Internal Revenue Code of 1986 to exclude automobiles from being treated as collectibles for purposes of capital gains tax, and for other purposes. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 7582 under Taxation, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7582’s is Taxation.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7582, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 31 (Friday, February 13, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PERRY:H.R. 7582.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution[Page H2225]

Source: congress.gov · legiscan.com