H.R. 8672

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