Allows a tax deduction for interest on loans for certain vehicles, including recreational vehicles.
This bill amends the Internal Revenue Code to expand the types of vehicles eligible for a tax deduction on loan interest payments. Specifically, it includes recreational vehicles such as trailers, campers, and vehicles designed for temporary living quarters. The amendment applies to loans incurred after December 31, 2025.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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