2025 second_quarter Filing

H.R.1 - One Big Beautiful Bill Act - this legislaton contained the Travel Trailer and Camper Tax Parity Act language to correct the oversight in the 2017 Tax Cuts and Jobs Act that excluded RV Travel Trailers from full floorplan interest expense deductions. 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.