# 119-s-4653: A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.

119-s-4653, A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles., is a 119th Congress bill sponsored by Sen. Young, Todd [R-IN] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-06-18).

- Canonical: https://policyrisk.com/legislation/119-s-4653
- As of: 2026-06-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4653
- Congress: 119
- Title: A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
- Status: introduced
- Introduced: 2026-06-02
- Sponsor: Sen. Young, Todd [R-IN] (R-IN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-06-18

## Summary

**This bill would expand the tax deduction for interest on vehicle loans to cover many recreational and light passenger vehicles.** It defines two qualifying categories that add motorcycles, trailers, campers and typical passenger cars and trucks under 14,000 pounds and applies to loans taken after December 31, 2025. - Families and households who finance recreational vehicles, trailers, or campers would be able to deduct interest on those vehicle loans. - Owners of motorcycles and of cars, minivans, SUVs, pickup trucks and vans that are treated as motor vehicles under the Clean Air Act and weigh under 14,000 pounds would qualify for the deduction. - Tax preparers and filers would need to apply the bill's two-category vehicle definitions when deciding if vehicle loan interest is deductible for indebtedness after December 31, 2025.

## Provisions PRIA read

- More vehicle loan interest deductions: benefit, high. You would be able to deduct interest on loans for more types of passenger and recreational vehicles. Qualifying vehicles would include cars, minivans, vans, SUVs, pickup trucks, and motorcycles that count as motor vehicles under Title II of the Clean Air Act and have a gross vehicle weight rating u…

## Related bills

- 119-s-2975: PIPELINE Safety Act of 2025
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-3597: National Quantum Initiative Reauthorization Act of 2026
- 119-s-579: Department of Energy Quantum Leadership Act of 2025
- 119-s-4952: Protecting American Taxpayers Act
- 119-s-4378: Protecting American Taxpayers Act

## Sources
- [119-s-4653 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4653)

## Related
- [119-s-2975: PIPELINE Safety Act of 2025](https://policyrisk.com/legislation/119-s-2975)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-3597: National Quantum Initiative Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3597)
- [119-s-579: Department of Energy Quantum Leadership Act of 2025](https://policyrisk.com/legislation/119-s-579)
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4653 (as of 2026-06-18).