Travel Trailer and Camper Tax Parity Act

Summary

Travel Trailer and Camper Tax Parity Act This bill modifies the limit on the tax deduction for business interest to include the financing of certain trailers and campers in the definition of "floor plan financing indebtedness." (Interest on floor plan financing indebtedness is exempt from the limit.) Under current law, floor plan financing indebtedness is (1) used to finance the acquisition of motor vehicles held for sale or lease, and (2) secured by the acquired inventory. The bill specifies that, for the purpose of this definition, a motor vehicle includes any trailer or camper that is designed to (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.

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Timeline

1. 17 September 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 17 September 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 September 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 September 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 September 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 September 2019

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 17 September 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Walorski, Jackie [R-IN-2] · R · Sponsor
• Rep. Murphy, Stephanie N. [D-FL-7] · D · Sponsor
• Rep. Titus, Dina [D-NV-1] · D · Sponsor
• Rep. Sewell, Terri A. [D-AL-7] · D · Cosponsor
• Paul Cook · R · Cosponsor
• Rep. Brooks, Susan W. [R-IN-5] · R · Cosponsor
• Rep. Steil, Bryan [R-WI-1] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Travel Trailer and Camper Tax Parity Act
• related to → Travel Trailer and Camper Tax Parity Act