This bill would allow recreational trailers and campers to qualify for the same tax deduction for floor plan financing interest as other motor vehicles. This means people who buy these types of recreational vehicles could get a tax break on the interest they pay when financing the purchase.
Latest Action
Referred to the House Committee on Ways and Means.
AI Summary
Plain-English explanation of this bill
This bill would allow recreational trailers and campers to qualify for the same tax deduction for floor plan financing interest as other motor vehicles. This means people who buy these types of recreational vehicles could get a tax break on the interest they pay when financing the purchase.
Last updated: 12/29/2025
Official Summary
Congressional Research Service summary
<p><strong>Travel Trailer and Camper Tax Parity Act</strong></p> <p>This bill modifies the tax deduction for floor plan financing interest to include in the term <em>motor vehicles</em> eligible for such financing any trailer or camper that is designed to provide temporary living quarters for recreational, camping, or seasonal use and is designed to be towed by, or affixed to, a motor vehicle.</p>
Key Points
Main provisions of the bill
Expands the definition of 'motor vehicles' eligible for a tax deduction on floor plan financing interest to include recreational trailers and campers
Provides a tax break for people who finance the purchase of RVs, trailers, and campers
Aims to make it more affordable for individuals and families to buy these types of recreational vehicles
How This Impacts Americans
Potential effects on citizens and communities
If this bill becomes law, it would benefit people who buy and finance the purchase of recreational trailers, campers, and RVs. This could make it more affordable for individuals, families, and small businesses to invest in these types of vehicles for travel, camping, and other recreational uses. The tax deduction could save buyers hundreds or even thousands of dollars in interest payments over the life of the loan.
Policy Areas
Primary Policy Area
Taxation
Scope & Jurisdiction
Jurisdiction Level
federal
Congressional Session
119th Congress
Citation Reference
3624, 119th Congress (2025). "Improving Mental Health Access for Students Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-3624
