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 .

Montana Votes For Surtax on Luxury RVs

Fri Apr 14, 2017

HELENA, Montana — Buyers of new luxury cars and recreational vehicles registered in Montana would face a new annual tax of at least $1,500 if their vehicles are worth at least $150,000, under a bill endorsed by a Senate committee on Wednesday.

The Senate Finance and Claims Committee unanimously voted to levy a new 1 percent surtax on new vehicles and RVs with manufacturers’ suggested retail prices of more than $150,000. The tax would drop to 0.9 percent when vehicles are 1 year old, to 0.8 percent if they are 2 years old, according to a story by the Bozeman Daily Chronicle.

Dubbed by some legislators as the “Ferrari tax,” the new tax would be on top of the current annual licensing fees already paid by owners of these vehicles under the amendment.

Additional Information: http://www.bozemandailychronicle.com/news/mtleg/senate-panel-passes-ferrari-tax-targeting-luxury-cars-rvs/article_3f3ec22a-c400-5c6e-bb74-5241cb9326f4.html