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Tax Relief for Travel Trailers and Campers

This new act expands the definition of floor plan financing to include travel trailers and campers. This means dealers of these vehicles may get more favorable financing terms, potentially affecting availability and prices for buyers. These changes will apply to tax years beginning after December 31, 2024.
Key points
Dealers of travel trailers and campers may benefit from new tax relief, potentially lowering their operating costs.
Potentially lower prices or greater availability of trailers and campers for individuals planning to purchase.
The changes take effect from January 1, 2025.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_1314
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2025-04-07
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

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 119_S_1314.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-04-07.

What are the main provisions?

Key points include:

  • Dealers of travel trailers and campers may benefit from new tax relief, potentially lowering their operating costs.
  • Potentially lower prices or greater availability of trailers and campers for individuals planning to purchase.
  • The changes take effect from January 1, 2025.
What is the specific legal status?

The current status is Introduced.

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 Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Economy