S 1314
Travel Trailer and Camper Tax Parity Act
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Travel Trailer and Camper Tax Parity Act, aims to level the playing field for tax deductions related to financing recreational vehicles. Currently, interest on financing motorized vehicles used for business is excluded from the limit on business interest deductions. This bill expands that exclusion to include interest paid on floor plan financing for travel trailers and campers used for recreational, camping, or seasonal purposes, provided they are towed or attached to a motor vehicle.
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Primary sponsor
Cosponsors
Angus S., Jr. King
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