To amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.

This bill changes the federal tax rules for which vehicles qualify for the deduction of interest paid on vehicle loans. It keeps cars, minivans, vans, sport utility vehicles, pickup trucks, and motorcycles under 14,000 pounds that are treated as motor vehicles under the Clean Air Act. It adds trailers, campers, and vehicles designed to provide temporary living quarters for recreational, camping, or seasonal use, if they are motor vehicles or are designed to be towed by or attached to one. The change would apply to loans taken out after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Rudy Yakym III Republican sponsor
• 4 cosponsors