Bill would let buyers deduct loan interest on RVs and campers
In committeeH.R. 8672Latest action
Sponsor: Rudy Yakym III · Representative · IN
AIDecoded by AI · checked against the recordRead the official text
Official title: To amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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The bill would expand a for vehicle loan interest to include RVs, campers, and trailers bought after 2025.
40-second read · 4 questions answered below
What does this do?
This bill expands the federal tax code's definition of "qualified passenger vehicles" to include RVs, campers, and trailers built for temporary living, camping, or seasonal use, whether motorized or towable. It keeps standard vehicles like cars, SUVs, pickups, and motorcycles eligible too, provided they weigh under 14,000 pounds and qualify as motor vehicles under the Clean Air Act. The change would apply to loans taken out after December 31, 2025.
Who does it affect?
People who finance RV, camper, or trailer purchases after 2025 would be affected, as would RV dealers, manufacturers, and lenders in that industry.
Why does it matter?
Expanding this deduction would reduce the amount of federal taxes collected overall. It could also make RV financing more attractive to consumers, affecting demand in that industry.
AI-drafted summary. Check it against the official text before you act on it.
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Where does it stand?
- IntroducedMay 7, 2026
- House committeeYou are here · May 7, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Ways and Means.