Bill · H.R. 332· House(119-HR-332)

Travel Trailer and Camper Tax Parity Act

Age: 42 years

Indiana

Introduced: 1/13/2025
Last activity: 1/13/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Rudy Yakym
Cosponsors: - 10 - 1

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "Travel Trailer and Camper Tax Parity Act," proposes an amendment to the Internal Revenue Code of 1986. It aims to expand the definition of floor plan financing. Specifically, it seeks to include certain trailers and campers under this category. This includes items designed for temporary living quarters used for recreation, camping, or seasonal purposes. These items must be designed to be towed by or attached to a motor vehicle. The changes would apply to taxable years starting after December 31, 2024.

Yes· 3 of 4

Does this cut taxes for small businesses?+5
The bill expands the definition of floor plan financing, which provides tax benefits for businesses that finance inventory like trailers and campers.
Does this make it easier to run a small business?+5
By including trailers and campers in floor plan financing, the bill provides more specific tax treatment for businesses in the recreational vehicle industry.
Would business owners be better off under this?+5
The expansion of floor plan financing definitions benefits business owners who deal in the sale and financing of recreational trailers and campers.