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To amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
To amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
Summary
The bill amends the tax code to expand which vehicles qualify for a loan interest tax deduction. It adds recreational vehicles, campers, and trailers designed for temporary living quarters to the list of qualifying vehicles, alongside cars, minivans, vans, SUVs, pickup trucks, and motorcycles weighing less than 14,000 pounds. Taxpayers would be able to deduct interest paid on loans for these vehicles from their federal income taxes. The change applies to loans taken out after December 31, 2025.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Yakym, Rudy [R-IN-2] (R-IN)
3 cosponsors
- Rep. Harshbarger, Diana [R-TN-1] (R-TN)
- Rep. Rouzer, David [R-NC-7] (R-NC)
- Rep. Titus, Dina [D-NV-1] (D-NV)
Money behind the sponsor
Top reported contributors to Rudy Yakym’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $48,900
- JAYCO $19,800
- DARYLE DODEN PERSONAL FINANCES $19,800
- KPS CAPITAL PARTNERS LP $13,200
- BRINKLEY RV $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Rudy Yakym → · Outside spending →
Actions (2)
- May 7, 2026 Referred to the House Committee on Ways and Means. · house
- May 7, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 7, 2026
Mr. Yakym (for himself and Ms. Titus) 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 allow a deduction for loan interest payments made with respect to certain vehicles.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. QUALIFIED PASSENGER VEHICLES INCLUDE RECREATIONAL VEHICLES FOR PURPOSES OF DEDUCTION FOR INTEREST PAID OR ACCRUED.
(a) In General.—Section 163(h)(4)(D) of the Internal Revenue Code of 1986 is amended by striking clauses (iii) through (vi) and inserting the following:
“(iii) which has at least 2 wheels, and
“(iv) which—
“(I)(aa) is a car, minivan, van, sport utility vehicle, pickup truck, or motorcycle, “(bb) is treated as a motor vehicle for purposes of title II of the Clean Air Act, and
“(cc) has a gross vehicle weight rating of less than 14,000 pounds, or
“(II) is a trailer, camper, or vehicle which— “(aa) is designed to provide temporary living quarters for recreational, camping, or seasonal use, and “(bb) is a motor vehicle or is designed to be towed by, or affixed to, a motor vehicle.”.
(b) Effective Date.—The amendments made by this section shall apply to indebtedness incurred after December 31, 2025. <all>
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