Among the provisions of the over 1,000-page tax act that passed the House of Representatives last week is a provision the RV industry has supported for nearly a decade.
Since the Tax Cuts and Jobs Act passed in 2017, RV industry participants have worked to restore floorplan deductibility for dealers who sell towable RVs. The provision is part of the 2025 tax act, dubbed the One Big Beautiful Bill Act.
RVIA and the Outdoor Recreation Roundtable (ORR) also worked to remove a provision that would have sold 540,000 of acres of America’s public lands and waters in Nevada and Utah.
In a letter sent earlier this week to House Speaker Mike Johnson, ORR emphasized the critical importance of keeping the public lands selloff out of this legislation.
ORR President Jessica Turner said, “At a time when the $1.2 trillion outdoor recreation industry is facing significant headwinds, keeping public lands public is a bipartisan, pro-business solution and we are pleased that an amendment that would have sold off public lands and waters was stripped from the budget reconciliation package advancing in Congress.”
RVIA said the bill also includes crucial pro-manufacturing provisions, as reported by the National Association of Manufacturers, including:
- Increase the pass-through deduction for small and medium-sized manufacturers and make this important deduction permanent, freeing up capital for businesses to invest and create jobs.
- Make permanent the competitive individual tax rates established by tax reform, benefiting the 96% of manufacturers organized as pass-throughs that pay tax at these rates.
- Increase and make permanent tax reform’s estate tax exemption, protecting more family-owned manufacturers’ assets from the estate tax.
- Reinstate immediate R&D expensing, reducing the costs of groundbreaking research and supporting innovation across the manufacturing sector.
- Revive full expensing for capital equipment purchases, enabling manufacturers to purchase new machinery and expand their shop floors.
- Restore a pro-growth interest deductibility standard, enhancing manufacturers’ ability to pursue job-creating projects.
- Create an incentive for manufacturers’ investments in new and refurbished facilities, supporting factory construction here in the U.S.
- Preserve tax reform’s international tax system by making the FDII, GILTI, and BEAT regimes permanent, enhancing America’s competitiveness on the world stage.
- Protect the 21% corporate tax rate, ensuring America remains the best place for manufacturing investment and job creation.
The bill now goes to the Senate, where it is expected to be amended.
RVIA said its Government Affairs team will continue to advocate for the inclusion of the floorplan fix in the final bill.
