Travel Trailer and Camper Tax Parity Act

House Bill

H.R. 332

119th Congress

Travel Trailer and Camper Tax Parity Act

In Committee

Introduced:Feb 4, 2025

Primary Sponsor

Rudy Yakym

Representative

Republican

IN-2

Cosponsors

11

Quick Stats

Policy Area

Taxation

Summary

This bill expands tax deductions for floor plan financing interest to include towable campers and trailers, not just motorized vehicles. Dealers financing inventory of travel trailers and campers would get the same tax treatment as car dealers for their inventory loans.

Latest Action

Referred to the House Committee on Ways and Means.

SponsorRudy Yakym (R-IN)

Introduced2/4/2025

StatusReferred to the House Committee on Ways and Means.

ChamberHouse

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Vote Prediction

Travel Trailer and Camper Tax Parity Act

This bill expands tax deductions for floor plan financing interest to include towable campers and trailers, not just motorized vehicles. Dealers financing inventory of travel trailers and campers would get the same tax treatment as car dealers for their invent

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill expands tax deductions for floor plan financing interest to include towable campers and trailers, not just motorized vehicles. Dealers financing inventory of travel trailers and campers would get the same tax treatment as car dealers for their inventory loans.

Bill Number: 332
Sponsor: Rudy Yakym (R-IN)
Introduced: 2/4/2025
Status: Referred to the House Committee on Ways and Means.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Travel Trailer and Camper Tax Parity Act
Bill Number: 332
Sponsor: Rudy Yakym (R-IN)
Status: Referred to the House Committee on Ways and Means.
Introduced: 2/4/2025
Summary: This bill expands tax deductions for floor plan financing interest to include towable campers and trailers, not just motorized vehicles. Dealers financing inventory of travel trailers and campers would get the same tax treatment as car dealers for their inventory loans.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill expands tax deductions for floor plan financing interest to include towable campers and trailers, not just motorized vehicles. Dealers financing inventory of travel trailers and campers would get the same tax treatment as car dealers for their inventory loans.

Last updated: 1/5/2026

Official Summary

Congressional Research Service summary

Travel Trailer and Camper Tax Parity ActThis bill expands the exclusion of interest on floor plan financing from the limit on the tax deduction for business interest expenses to include interest on floor plan financing of certain non-motorized, towable campers and trailers. Under current law, the tax deduction for business interest expenses is generally limited to 30% of adjusted taxable income. (Some exceptions apply.) However, under current law, interest on floor plan financing (financing used to acquire inventory for sale or lease) of motorized vehicles (e.g., self-propelled vehicles designed to transport people) is excluded from the limit on the tax deduction for business interest expenses.Under the bill, the exclusion of interest on floor plan financing from the limit on the tax deduction for business interest expenses is expanded to include interest on floor plan financing of any camper or trailer designed to (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.

Key Points

Main provisions of the bill

Extends floor plan financing tax benefits to towable campers
Includes travel trailers designed for temporary living
Matches tax treatment available for motorized vehicle dealers
Excludes interest from business interest expense limits
Helps RV and trailer dealers finance inventory

How This Impacts Americans

Potential effects on citizens and communities

RV and trailer dealerships would get tax relief on financing costs for their inventory of towable campers and trailers. This could help dealers keep more stock on their lots and potentially benefit buyers looking for these vehicles.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

332, 119th Congress (2025). "Travel Trailer and Camper Tax Parity Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-332

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