Allows deduction for loan interest on certain vehicles, including recreational vehicles.

Federal HB8672 amends the Internal Revenue Code to expand the deduction for loan interest to include recreational vehicles. This includes vehicles like trailers, campers, and vehicles designed for temporary living quarters. The deduction applies to vehicles with a gross weight rating of less than 14,000 pounds. The changes apply to loans incurred after December 31, 2025.

Allows deduction for loan interest on certain vehicles, including recreational vehicles.

Federal HB8672 amends the Internal Revenue Code to expand the deduction for loan interest to include recreational vehicles. This includes vehicles like trailers, campers, and vehicles designed for temporary living quarters. The deduction applies to vehicles with a gross weight rating of less than 14,000 pounds. The changes apply to loans incurred after December 31, 2025.