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.