HR. 8672In Committee

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

Chamber
House
Sponsor
Rudy Yakym IIIRudy Yakym IIIHouse • District 2
Introduced
2026-05-07
Impact Score
24
Limited
Momentum
24
Stable
Summary
Allow a tax deduction for interest paid on vehicle loans by amending the Internal Revenue Code for certain vehicles
What this does
  • Amend Internal Revenue Code
  • Allow vehicle loan interest deduction
Latest action
2026-05-07 — Referred to the House Committee on Ways and Means.
Full Text (PDF)Amendments
View on Congress.gov