U.S. Reps. Jackie Walorski (R-Ind.) and Dina Titus (D-Nev.) introduced a bipartisan Travel Trailer and Camper Tax Parity Act to fix a tax code provision allowing all RV types to be treated equally.
RVDA and RVIA expressed strong support of the bill. RVDA President Phil Ingrassia said the correction fixes an oversight made when Congress enacted the Tax Cuts and Jobs Act in 2017. Under the act, a deduction for interest paid on RV dealer inventory excluded non-motorized vehicles, putting travel trailers at a disadvantage.
“This bipartisan [bill] will ensure the RV industry can fully unlock the benefits of tax reform,” Ingrassia said.
“These made-in-America products will play a vital role in our economic recovery, but one provision in the tax code is putting certain RVs at a disadvantage,” Walorski said. “This common-sense bill would fix that by restoring tax parity so all types of RVs – including travel trailers and campers – are treated equally.”
Titus said the RV industry generates more than $1 billion in Nevada each year.
“Travelers who use both towed and motorized RVs create jobs in our state and there is no reason these vehicles should be taxed differently,” Titus said. “This bipartisan bill would help boost regional tourism in Nevada and across the country.”
The Travel Trailer and Camper Tax Parity Act would restore full deductibility of inventory financing interest for motorhomes, travel trailers, campers and other RV types.