AB 490 – Motor Vehicle Loan Interest DeductionFebruary 18, 2025Legislation AB 490 provides financial relief to California taxpayers by allowing a temporary deduction for interest paid on a qualified motor vehicle loan. This measure will help individuals, commuters and families manage the rising costs of vehicle ownership.Status: Introduced Read the Bill Previous Post California Lawmakers Criticize FAIR Plan Changes, Warn of Higher Insurance Costs Next Post AB 718 – Higher Education Labor Market Data Reporting