Skip to main content
S 3600 115th Congress Senate Taxation Business investment and capital Income tax deductions Interest, dividends, interest rates Motor vehicles Outdoor recreation

Travel Trailer and Camper Technical Correction Act

Introduced: October 11, 2018 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 11, 2018
Read twice and referred to the Committee on Finance.
Oct 11, 2018
Introduced in Senate
 Plain-English summary Congressional Research Service

Travel Trailer and Camper Technical Correction Act

This bill amends the Internal Revenue Code, with respect to the limit on the deduction for business interest, to modify the definition of "floor plan financing indebtedness" to include the financing of certain trailers and campers.

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 which 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.

What's happening now October 11, 2018

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1