To amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
Sponsored By: Representative Yakym, Rudy [R-IN-2]
Introduced
Summary
Counts recreational vehicles and towable campers as 'qualified passenger vehicles' for the vehicle-interest deduction. This bill would redefine "qualified passenger vehicle" so certain RVs, trailers, campers and common motor vehicles meet the tax test for interest on purchase loans.
Show full summary
- Buyers of recreational vehicles, campers, and towable trailers: If a vehicle is designed to provide temporary living quarters and is a motor vehicle or is meant to be towed or affixed to a motor vehicle, loans to acquire it would qualify for the vehicle-interest deduction. This applies to indebtedness incurred after December 31, 2025.
- Buyers of cars, minivans, vans, sport utility vehicles, pickup trucks, and motorcycles: These vehicles qualify if they are treated as motor vehicles under Title II of the Clean Air Act and have a gross vehicle weight rating under 14,000 pounds, making loans to purchase them eligible for the same interest deduction.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Deductible interest on vehicle loans
If enacted, this bill would let individuals and businesses deduct interest on loans to buy certain vehicles. The change would apply only to indebtedness incurred after December 31, 2025. The vehicle must have at least two wheels and meet one of two categories. Category I is a car, minivan, van, SUV, pickup truck, or motorcycle that is treated as a motor vehicle under Title II of the Clean Air Act and has a gross vehicle weight rating under 14,000 pounds. Category II is a trailer, camper, or vehicle designed to provide temporary living quarters for recreational, camping, or seasonal use that is a motor vehicle or is made to be towed by or affixed to a motor vehicle.
Sponsors & CoSponsors
Sponsor
Yakym, Rudy [R-IN-2]
IN • R
Cosponsors
Rep. Titus, Dina [D-NV-1]
NV • D
Sponsored 5/7/2026
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov