3.0.0 6969 2023-01-11T13:41:27Z 2023-01-11T13:41:27Z House HR 2018-09-28 115 [Congressional Record Volume 164, Number 161 (Friday, September 28, 2018)][Pages H9406-H9407]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. EMMER:H.R. 6969.Congress has the power to enact this legislation pursuantto the following:[[Page H9407]]Article 1, Section 8, Clauses 1 and 18]]> hswm00 Ways and Means Committee House Standing Referred to 2018-09-28T13:04:05Z Travel Trailer and Camper Technical Correction Act 115 3600 S 2018-10-11 Read twice and referred to the Committee on Finance. Identical bill CRS Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act 115 88 HR 2018-12-21 Message on House action received in Senate and at desk: House amendment to Senate amendment. Related bill CRS 2018-09-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-09-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-09-28 Introduced in House IntroReferral 1000 9 Library of Congress E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 N W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2018-09-28 True Taxation Business investment and capital Income tax deductions Interest, dividends, interest rates Motor vehicles Outdoor recreation Taxation 00 2018-09-28 Introduced in House 2018-10-12T18:13:02Z 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.

]]> Travel Trailer and Camper Technical Correction Act Display Title Travel Trailer and Camper Technical Correction Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers. Introduced in House IH Short Titles as Introduced Travel Trailer and Camper Technical Correction Act Introduced in House 2018-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6969ih/xml/BILLS-115hr6969ih.xml 2018-09-28 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.