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119-s-1314119th CongressWALLET

Travel Trailer and Camper Tax Parity Act

Sponsored By: Senator Ernst, Joni [R-IA]

Introduced

Summary

Expands the floor plan financing interest exclusion to cover towable campers and travel trailers. It would let businesses exclude interest on floor plan financing for certain non-motorized campers and trailers from the 30% limit on business interest deductions.

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  • Dealers and other businesses that buy or lease inventory of eligible campers or trailers would be able to exclude that floor plan interest from the 30% business interest deduction cap.
  • The change applies to trailers or campers designed to provide temporary living quarters for recreational, camping, or seasonal use and that are towed by, or affixed to, a motor vehicle. It would take effect for taxable years beginning after December 31, 2024.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More financing for travel trailer dealers

If enacted, dealers and businesses that use floor plan financing would be able to treat travel trailers and campers as eligible inventory. This applies only to trailers or campers made for temporary living and that are towed by, or affixed to, a motor vehicle. The change would start for taxable years beginning after December 31, 2024. If your business uses floor plan financing, this could make it easier to finance such inventory.

Sponsors & CoSponsors

Sponsor

Ernst, Joni [R-IA]

IA • R

Cosponsors

  • Sen. King, Angus S., Jr. [I-ME]

    ME • I

    Sponsored 4/7/2025

  • Sen. Young, Todd [R-IN]

    IN • R

    Sponsored 4/7/2025

  • Sen. Banks, Jim [R-IN]

    IN • R

    Sponsored 4/9/2025

  • Sen. Grassley, Chuck [R-IA]

    IA • R

    Sponsored 6/9/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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