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S. 4653119th CongressIn committeeLatest action Jun 2, 2026Decoded by AI · checked against the record
Official title: A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
Loan interest on RVs, campers, and trailers bought after Dec. 31, 2025 could become tax-deductible.
40-second read · 4 questions answered below
This bill expands the existing tax deduction for vehicle loan interest to include RVs, campers, and trailers used as temporary living quarters for camping or recreational use, whether self-powered or towable. Qualifying vehicles must have at least two wheels, and motor vehicles must weigh less than 14,000 pounds. It applies only to loans taken out after December 31, 2025.
People who take out loans to buy RVs, campers, or towable trailers after that date, along with RV dealers, manufacturers, and lenders in the recreational vehicle industry.
The change could lower taxable income for RV buyers and may influence financing decisions in the recreational vehicle industry, without altering the deduction for other vehicle types already covered.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Finance.