RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Two Indiana Sales Tax Bills Making Way Through State Legislation

Fri Jan 6, 2017

ELKHART, Indiana — If you live out-of-state and want to buy a recreational vehicle in Indiana, sales tax questions will pop up during the financing process.

Currently, 41 states have reciprocal agreements with Indiana that exempt out-of-state RV buyers from having to pay the 7 percent Indiana sales tax, with Indiana residents receiving a similar exemption for purchases in those states.

If you live in the other nine states — Michigan, Florida, California, Arizona, Hawaii, Massachusetts, Mississippi, North Carolina and South Carolina — there is the potential you could be double taxed. That means customers from one of those states could pay Indiana’s 7 percent sales tax at the time of purchase only to turn around and have to pay sales tax in their home state as well.

Two proposed bills at the Indiana Statehouse — Senate Bill 172 and House Bill 1045 — hope to eliminate that extra tax burden by exempting out-of-state RV purchasers from having to pay Indiana sales tax, regardless of whether their states have a reciprocal agreement in place.

Sen. Blake Doriot, R-New Paris, introduced SB 172 because he has heard from numerous dealers who say they have lost significant business because of out-of-state buyers going elsewhere to avoid double taxation. He says the loss of out-of-state buyers not only impacts RV dealers, but also other industries in Elkhart County.

Additional Information: http://www.elkharttruth.com/news/state-rv-sales-tax-law-costing-dealers-millions-newly-introduced/article_f84941cc-9258-5364-8d31-731252dbea06.html