NEWS RELEASES
Editor's Note: This news item was retrieved and first published through The National RV Dealers Association's website.
In response to a tax reform bill that limited the deductibility of RV dealers' floor-plan costs for Travel Trailers, U.S. Reps. Jackie Walorski & Stephanie Murphy introduced the bipartisan Travel Trailer and Camper Tax Parity Act to restore inventory financing interest deductibility for travel trailers at RV dealerships. According to a RVDA press release, "The Travel Trailer and Camper Parity Act is strongly supported by RVDA and RVIA." U.S. Senators Joni Ernst and Angus King, both members of the Senate RV Caucus, introduced a Senate version of the bill (S. 1543) that would reinstate the full tax deductibility of RV floorplan loan interest for travel trailer dealers with annual sales in excess of $25 million. This bipartisan, commonsense RV floor plan tax fix will provide certainty for small businesses and manufacturers, and it will ensure the RV industry can fully unlock the benefits of tax reform and keep our nation’s economic momentum going.View Reps. Jackie Walorski's statement here.