Bill · S. 1314· Senate(119-S-1314)
Travel Trailer and Camper Tax Parity Act
- Introduced
- 4/7/2025
- Last activity
- 4/7/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Joni Ernst
- Cosponsors
- - 3 - 0
- 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 the financing of certain trailers and campers within that definition. These items must be designed for temporary living quarters for recreational, camping, or seasonal use and be able to be towed by or affixed to a motor vehicle. The changes would apply to taxable years beginning after December 31, 2024.
Yes· 3 of 5
Does this make it easier to run a small business?+4
Dealers of trailers and campers will benefit from more favorable tax treatment on their floor plan financing.
Would business owners be better off under this?+4
The bill specifically benefits businesses that finance and sell trailers and campers.
Does this cut taxes for small businesses?+3
The bill provides tax relief for businesses financing inventory of trailers and campers by expanding the floor plan financing definition.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Expansion of floor plan financing: The bill adds trailers and campers designed for temporary living, camping, or seasonal use to the definition of floor plan financing under Section 163(j)(9)(C) of the Internal Revenue Code of 1986. This change is intended to include these items in the specific financing category.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Small Business Support+4Reduces Small Business Taxes+3Improves Economic Growth+1Increases Job Creation+1
- Demographic And Interest Groups
- Good For Business Owners+4
- 6/9/2025
- 1 Cosponsor added.
- 4/9/2025
- 1 Cosponsor added.
- 4/7/2025
- Read twice and referred to the Committee on Finance.
- 2 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Jim BanksRepublican · Indiana
Chuck GrassleyRepublican · Iowa
Angus KingIndependent · Maine
Todd YoungRepublican · Indiana