2025 first_quarter Filing

Travel Trailer and Camper Tax Parity Act In the 118th Congress, Representatives Rudy Yakym (R-IN) and Dina Titus (D-NV) introduced the Travel Trailer and Camper Tax Parity Act (H.R. 332), a bipartisan bill aimed at correcting a longstanding discrepancy in the treatment of floor plan interest deductions for RV dealers. Under current federal tax law, motorhomes qualify for the full deduction of floor plan interest as motor vehicles, while towable RVs (such as travel trailers and campers) do not-limiting the deduction for dealers with more than $29 million in annual gross receipts. H.R. 332 would amend the Internal Revenue Code to explicitly include towable recreational vehicles in the definition of motor vehicle for purposes of the floor plan financing interest deduction. This change would provide tax parity between motorized and towable RV inventory, easing the financial burden on RV dealers and helping level the playing field across the industry. The bill has been referred to the House Committee on Ways and Means and is supported by RVDA as a targeted, industry-specific correction to a technical oversight from the 2017 Tax Cuts and Jobs Act.

The PART Act (H.R. 621 / S. 154) is bipartisan legislation introduced in the 118th Congress to address the nationwide surge in catalytic converter thefts. The bill proposes a federal framework to deter theft, improve traceability, and support law enforcement. Key provisions include: Requiring vehicle manufacturers to stamp VINs on catalytic converters at the point of manufacture; Establishing a grant program to support entities in marking catalytic converters already in circulation; Requiring recordkeeping and documentation for purchasers of catalytic converters; Creating federal criminal penalties for theft, trafficking, or sale of stolen catalytic converters, with penalties of up to five years in prison. The House version was referred to the Committees on Energy and Commerce, Judiciary, and Transportation and Infrastructure. The Senate version was referred to the Committee on Commerce, Science, and Transportation. As of April 2025, neither bill has advanced beyond committee. The legislation has broad industry support, including from the National Automobile Dealers Association (NADA), and is intended to provide a consistent, interstate approach to combat catalytic converter theft across the country.