Travel Trailer & Camper Tax Parity Act Picks Up Cosponsors – RVBusiness – Breaking RV Industry News
Since the introduction of the Travel Trailer and Camper Tax Parity Act (H.R. 332) by Representatives Rudy Yakym (R-IN-02) and Dina Titus (D-NV-01) on January 13, 2025, the bill has garnered additional support from seven cosponsors. This early backing underscores the importance of addressing the floor plan financing challenges faced by RV dealers, according to a News & Insights report by the RV Industry Association (RVIA).
The seven new cosponsors are:
- Rep. Randy Feenstra (R-IA-04)
- Rep. Jim Baird (R-IN-04)
- Rep. Claudia Tenney (R-NY-24)
- Rep. Mike Kelly (R-PA-16)
- Rep. Troy Balderson (R-OH-12)
- Rep. Erin Houchin (R-IN-09)
- Rep. Carol Miller (R-WV-01)
The Travel Trailer and Camper Tax Parity Act aims to rectify a drafting oversight in the 2017 Tax Cuts and Jobs Act, ensuring that RV dealers can fully deduct interest on floor plan financing for all RVs, including non-motorized towable trailers, which constitute 88% of RV sales. Currently, interest on floor plan financing for travel trailers is subject to a 30% limitation based on earnings before interest and taxes, unlike motorhomes.
The growing support highlights recognition of the RV industry’s significance and the necessity of fair financial practices to support its continued growth. We appreciate our early cosponsors who are supporting our efforts to ensure that all segments of the RV industry are treated fairly.
For more information or to learn how to support the industry’s efforts, please contact Samantha Rocci, Director of Federal Affairs, at [email protected].
