[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8672 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 8672

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


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                    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

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                                 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.
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