Todd Young (R-IN)
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
A Republican bill with no cosponsors
Last activity — Read twice and referred to the Committee on Finance.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill proposes a change to the Internal Revenue Code of 1986 regarding loan interest payments on certain vehicles. It allows a tax deduction for loan interest payments made for specific types of vehicles. The bill expands the definition of qualified passenger vehicles to include recreational vehicles, trailers, and campers used for temporary living quarters. This rule applies to debts incurred after December 31, 2025.
Yes· 3 of 12
- Scored +3
Would middle-income households be better off under this?
Provides a tax savings opportunity for middle-class households financing recreational vehicles.
- Scored +3
Would retired people be better off under this?
Retirees who frequently purchase recreational vehicles for travel benefit directly from the loan interest deduction.
- Scored +3
Does this cut taxes for middle-income families?
Allows a tax deduction for loan interest payments on recreational vehicles, trailers, and campers, which can reduce tax burdens for middle-class buyers.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Section 1 allows people to take a deduction for loan interest payments made on recreational vehicles, trailers, or campers that provide temporary living quarters, which could save buyers money on their taxes.
Potential Negative Impacts for People
- The provided text does not contain any specific sections or provisions that outline potential negative consequences or burdens for individuals or groups.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would middle-income households be better off under this? — Provides a tax savings opportunity for middle-class households financing recreational vehicles. Would retired people be better off under this? — Retirees who frequently purchase recreational vehicles for travel benefit directly from the loan interest deduction. Would high-income households be better off under this? — High-income households purchasing luxury RVs or trailers may also utilize the new deduction. Would people in middle age be better off under this? — Middle-aged individuals frequently comprise a large share of recreational vehicle and camper buyers. Would people over 65 be better off under this? — Seniors frequently purchase RVs for retirement travel and can benefit from the interest deduction. Would business owners be better off under this? — Business owners in the tourism or recreational vehicle sector may see modest positive effects. Would people in rural areas be better off under this? — Rural residents and manufacturers tied to outdoor recreation may experience minor benefits. Would people in their twenties and thirties be better off under this? — Young adults purchasing campers or trailers may benefit from the interest deduction.
- Economy And Finance
- Does this cut taxes for middle-income families? — Allows a tax deduction for loan interest payments on recreational vehicles, trailers, and campers, which can reduce tax burdens for middle-class buyers. Does this make it easier to run a small business? — May indirectly benefit small businesses that sell or service RVs, trailers, and campers. Is this likely to grow the economy? — Provides a minor incentive for spending within the recreational vehicle market. Is this likely to create jobs? — By encouraging purchases of recreational vehicles and campers, it could modestly stimulate demand and jobs in the RV manufacturing and sales sector.
- 6/2/2026
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.