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US SB1314

Bill

Official Source

Status

Introduced

4/7/2025

Primary Sponsor

Joni Ernst

Click for details

Origin

Senate

119th Congress

AI Summary

  • Amends Internal Revenue Code Section 163(j)(9)(C) to expand the definition of "floor plan financing" to include trailers and campers designed for temporary recreational, camping, or seasonal living quarters
  • Covers trailers and campers designed to be towed by or affixed to a motor vehicle
  • Allows dealers of travel trailers and campers to qualify for the same business interest deduction treatment currently available to motor vehicle dealers
  • Effective for taxable years beginning after December 31, 2024
  • Introduced April 7, 2025 by Senators Ernst, King, and Young with bipartisan sponsorship

Legislative Description

Travel Trailer and Camper Tax Parity Act

Taxation

Last Action

Read twice and referred to the Committee on Finance.

4/7/2025

Committee Referrals

Finance4/7/2025

Full Bill Text

No bill text available