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Tax Relief for RV and Camper Financing

This bill aims to broaden the definition of 'floor plan financing' in tax law. This means businesses selling recreational vehicles (RVs) and campers could receive the same tax benefits as those selling cars. In practice, this might affect the availability and pricing of these vehicles for citizens.
Key points
Extends tax benefits to dealers of travel trailers and campers.
Potentially lowers costs for businesses selling these vehicles, which could influence consumer prices.
Changes apply to tax years beginning after December 31, 2020.
article Official text account_balance Process page
Expired
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No votes cast
Additional Information
Print number: 117_HR_3552
Sponsor: Rep. Walorski, Jackie [R-IN-2]
Process start date: 2021-05-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Travel Trailer and Camper Tax Parity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3552.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-25.

What are the main provisions?

Key points include:

  • Extends tax benefits to dealers of travel trailers and campers.
  • Potentially lowers costs for businesses selling these vehicles, which could influence consumer prices.
  • Changes apply to tax years beginning after December 31, 2020.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Walorski, Jackie [R-IN-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Economy