Ask Congress to Restore Floor Plan Deductibility for RVs
Last year’s tax reform bill provided much needed relief for small businesses; however, a last minute definition change in one section of the bill unintentionally resulted in effectively removing travel trailers from the definition of “motor vehicle” for the purposes of floor plan financing interest deductibility. Made during the House-Senate conference, this change unintentionally disadvantaged the RV travel trailer industry, by limiting the deductibility of the RV trailer dealer’s floor-plan costs.
New legislation, the Travel Trailer and Camper Technical Corrections Act (H.R.6969), has been introduced to ensure that towable RVs are included in the floor plan interest financing deductibility. Contact your Congress members and urge them to support the legislation.