2025 third_quarter Filing

Travel Trailer & Camper Tax Parity Act (Section 70303(b) of the One Big Beautiful Bill Act - H.R. 1, Public Law 119-21) Signed into law on July 4, 2025, the One Big Beautiful Bill Act includes a key RVDA legislative priority-the Travel Trailer & Camper Tax Parity Act. Section 70303(b) amends IRC 163(j)(9)(C) to extend the full floor-plan interest deduction to towable travel trailers and campers, aligning them with motorized RVs. The change corrects a long-standing inequity in the tax code that limited deductibility for most RV inventory, since towables represent nearly 85% of all RVs sold. Beginning with tax years after December 31, 2024, interest on floor-plan financing for qualifying towables will be fully deductible and excluded from the 30% business interest limitation. This RVDA-supported reform improves dealer liquidity, strengthens cash flow during periods of high interest rates, and represents a major federal win following years of industry advocacy.

Following the enactment of the Expanding Public Lands Outdoor Recreation Experiences (EXPLORE) Act in January 2025, Outdoor Recreation Roundtable (ORR) initiated agency implementation efforts. RV Dealers Association (RVDA) has focused on working with ORR to coordinate with the U.S. Department of the Interior (via the National Park Service, Bureau of Land Management and U.S. Fish and Wildlife Service), the U.S. Forest Service (under the U.S. Department of Agriculture), National Oceanic and Atmospheric Administration, and the Office of Management and Budget to support modernizing recreation permitting, expanding digital fee collection, and developing unified outdoor recreation data systems to improve access to federal lands.