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To amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers.

USA115th CongressHR-6969| House 
| Updated: 9/28/2018
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Cosponsors (1)
Jackie Walorski (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Travel Trailer and Camper Technical Correction Act This bill amends the Internal Revenue Code, with respect to the limit on the deduction for business interest, to modify the definition of "floor plan financing indebtedness" to include the financing of certain trailers and campers. Under current law, "floor plan financing indebtedness" is: (1) used to finance the acquisition of motor vehicles held for sale or lease, and (2) secured by the acquired inventory. The bill specifies that, for the purpose of this definition, a motor vehicle includes any trailer or camper which is designed to: (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.
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Timeline
Sep 28, 2018
Introduced in House
Sep 28, 2018
Referred to the House Committee on Ways and Means.
Oct 11, 2018

Latest Companion Bill Action

S 115-3600
Introduced in Senate
  • September 28, 2018
    Introduced in House


  • September 28, 2018
    Referred to the House Committee on Ways and Means.


  • October 11, 2018

    Latest Companion Bill Action

    S 115-3600
    Introduced in Senate

Taxation

Related Bills

  • S 115-3600: A bill to amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers.
  • HR 115-88: Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act
Business investment and capitalIncome tax deductionsInterest, dividends, interest ratesMotor vehiclesOutdoor recreation

To amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers.

USA115th CongressHR-6969| House 
| Updated: 9/28/2018
Travel Trailer and Camper Technical Correction Act This bill amends the Internal Revenue Code, with respect to the limit on the deduction for business interest, to modify the definition of "floor plan financing indebtedness" to include the financing of certain trailers and campers. Under current law, "floor plan financing indebtedness" is: (1) used to finance the acquisition of motor vehicles held for sale or lease, and (2) secured by the acquired inventory. The bill specifies that, for the purpose of this definition, a motor vehicle includes any trailer or camper which is designed to: (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 28, 2018
Introduced in House
Sep 28, 2018
Referred to the House Committee on Ways and Means.
Oct 11, 2018

Latest Companion Bill Action

S 115-3600
Introduced in Senate
  • September 28, 2018
    Introduced in House


  • September 28, 2018
    Referred to the House Committee on Ways and Means.


  • October 11, 2018

    Latest Companion Bill Action

    S 115-3600
    Introduced in Senate
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Cosponsors (1)
Jackie Walorski (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 115-3600: A bill to amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers.
  • HR 115-88: Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalIncome tax deductionsInterest, dividends, interest ratesMotor vehiclesOutdoor recreation