S 4653 · 119th Congress — A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
This bill would amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles. Right now, the latest action is: Read twice and Sent to the Finance Committee.
- Congress
- 119
- Bill
- S 4653
- Status
- Introduced
- Introduced
- 2026-06-02
- Latest action date
- 2026-06-02
Summary
This bill would amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles. Right now, the latest action is: Read twice and Sent to the Finance Committee.
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Read twice and referred to the Committee on Finance.
Sponsors
- Sen. Young, Todd [R-IN]
Republican · Indiana · Senate · Republican