S 4653 · 119th CongressIn Committeecongress.gov ↗

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

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Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would change the tax code to let people deduct the interest they pay on loans for certain types of vehicles. No official summary is available for this bill.

Sponsor

Sen. Young, Todd [R-IN]

R

Introduced

June 2, 2026

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