Bill > S3345

This bill, the Travel Trailer and Camper Tax Parity Act, amends the Internal Revenue Code of 1986 to provide that floor plan financing (a type of business loan used to purchase inventory) includes the financing of certain trailers and campers designed for recreational, camping, or seasonal use and intended to be towed by or affixed to a motor vehicle. This change will apply to taxable years beginning after December 31, 2022, effectively extending the same tax treatment to these types of recreational vehicles as is currently provided for other types of business inventory financing.