Travel Trailer and Camper Tax Parity Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 17, 2019)
Travel Trailer and Camper Tax Parity Act
This bill modifies the limit on the tax deduction for business interest to include the financing of certain trailers and campers in the definition of "floor plan financing indebtedness." (Interest on floor plan financing indebtedness is exempt from the limit.)
Under current law, floor plan financing indebtedness is (1) used to finance the acquisition of motor vehicles held for sale or lease, and (2) secured by the acquired inventory.
The bill specifies that, for the purpose of this definition, a motor vehicle includes any trailer or camper that is designed to (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.
What just happenedSep 17, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseSep 17, 2019
- Sep 17, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Sep 17, 2019IntroReferralIntro-H
Introduced in House
- Sep 17, 2019IntroReferral1000
Introduced in House