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 .
Thu May 25, 2017
Indiana Gov. Eric Holcomb has signed Senate Bill 172 into law.
Senate Bill 172 was authored by State Sen. Blake Doriot, R-Syracuse, and Sen. Susan Glick, R-LaGrange. Primary House Sponsors for SB 172 were State Representatives Bob Cherry, R-Greenfield and Doug Miller, R- Elkhart. The bill will save out-of-state RV buyers from nine states thousands of dollars when it comes time to pay sales tax. Before this law, 41 states had reciprocal agreements with Indiana that exempted 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.
Consumers from the other nine states — Michigan, Florida, California, Arizona, Hawaii, Massachusetts, Mississippi, North Carolina and South Carolina — had the potential of being double taxed, paying Indiana’s 7 percent sales tax at the time of purchase and then being required to pay sales tax in their home state as well.
SB 172 changes this for RV buyers from the nine non-reciprocal states. The legislation will enact a two-year trial period from June 30, 2017 to July 1, 2019, that will enable the Indiana Department of State Revenue to work out reciprocal agreements with the nine states that do not currently have them in place. While that is being accomplished, residents of these nine states purchasing RVs and cargo trailers from Indiana dealers will only have to pay the dealers the sales tax amount at the sales tax rate in which the unit is being registered. Eight of the nine states have lower sales tax rates than Indiana, saving buyers money.