S. 4653 · Senate bill · 119th Congress

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

Read the bill

About 100 words

Contents

Sec. 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.

Official text, Introduced in Senate (Jun 2, 2026), from the Government Publishing Office via Congress.gov. Printed version (PDF) · All versions on Congress.gov