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Tax Changes: Easier Financing for RVs and Campers.

This bill modifies tax rules to make it easier for businesses to finance the purchase of recreational vehicles and campers for sale. This could impact the availability and pricing of these vehicles, potentially making them more affordable for individuals seeking temporary recreational living quarters.
Key points
Expands the definition of 'floor plan financing' to include trailers and campers designed for temporary recreational living.
The changes apply to tax years beginning after December 31, 2022, affecting current and future transactions.
This may reduce costs for dealers, potentially leading to lower prices for consumers buying RVs and campers.
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Expired
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Additional Information
Print number: 118_HR_3624
Sponsor: Rep. Yakym, Rudy [R-IN-2]
Process start date: 2023-05-24
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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 118_HR_3624.

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 2023-05-24.

What are the main provisions?

Key points include:

  • Expands the definition of 'floor plan financing' to include trailers and campers designed for temporary recreational living.
  • The changes apply to tax years beginning after December 31, 2022, affecting current and future transactions.
  • This may reduce costs for dealers, potentially leading to lower prices for consumers buying RVs and campers.
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. Yakym, Rudy [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 2025-12-25.

CATEGORIES

Taxes Economy