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HOUSE 332119th CongressReferred to the House Committee on Energy and Commerce.

Supporting the designation of the week of April 11 through April 17, 2025, as the eighth annual "Black Maternal Health Week", founded by Black Mamas Matter Alliance, Inc. (BMMA), to bring national attention to the maternal and reproductive health crisis in the United States and the importance of reducing maternal mortality and morbidity among Black women and birthing people.

Last Action
4/14/2025

Actions

  • 2025-01-13Referred to the House Committee on Ways and Means.
  • 2025-01-13Introduced in House
  • 2025-01-13Introduced in House

CRS Summary

As of 2025-01-13 (00)

Travel Trailer and Camper Tax Parity Act

This bill expands the exclusion of interest on floor plan financing from the limit on the tax deduction for business interest expenses to include interest on floor plan financing of certain non-motorized, towable campers and trailers. 

Under current law, the tax deduction for business interest expenses is generally limited to 30% of adjusted taxable income. (Some exceptions apply.) However, under current law, interest on floor plan financing (financing used to acquire inventory for sale or lease) of motorized vehicles (e.g., self-propelled vehicles designed to transport people) is excluded from the limit on the tax deduction for business interest expenses.

Under the bill, the exclusion of interest on floor plan financing from the limit on the tax deduction for business interest expenses is expanded to include interest on floor plan financing of any camper or trailer designed to (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle. 

Cosponsors (11)

  • Dina Titus (D-NV)
  • Randy Feenstra (R-IA)
  • James Baird (R-IN)
  • Claudia Tenney (R-NY)
  • Mike Kelly (R-PA)
  • Troy Balderson (R-OH)
  • Erin Houchin (R-IN)
  • Carol Miller (R-WV)
  • W. Steube (R-FL)
  • Vern Buchanan (R-FL)
  • Mike Carey (R-OH)
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.