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 .
Tue May 30, 2017
Recreational vehicle dealers in the Kansas City area are celebrating strong sales as the summer vacation season begins.
Historically low gasoline prices and a greater selection of affordable trailers and fifth wheels are encouraging more people to buy RVs and forego hotels, according to a story by KMBZ 98.1 in Kansas City.
"People are getting back to the roots of taking family vacations together," Liberty RV General Manager Shawn Wiegers says. "It's a tax write-off, so people are taking advantage of that, the fact that they can sleep in their own bed, they can cook their own meals."
A camper or RV can meet the IRS definition of a second home if it contains sleeping, bathroom and kitchen facilities. Interest paid on a loan for the purchase of a recreational vehicle is therefore tax deductible as valid home interest on a second home.
Additional Information: http://www.kmbz.com/articles/gas-prices-tax-advantages-boost-rv-sales-kansas-city