AB490 — Personal Income Tax Law: deduction from gross income: car loan interest payments.

AB490 — Personal Income Tax Law: deduction from gross income: car loan interest payments. · Informed CitizenryAB 490 proposes to amend the Revenue and Taxation Code to allow taxpayers to deduct the interest paid on a qualified motor vehicle loan from their adjusted gross income. This deduction would be ava…Open in Informed Citizenry