3.0.0 3600 2023-01-11T13:41:07Z 2023-01-11T13:41:07Z Senate S 2018-10-11 115 ssfi00 Finance Committee Senate Standing Referred to 2018-10-11T22:37:16Z Travel Trailer and Camper Technical Correction Act 115 6969 HR 2018-09-28 Referred to the House Committee on Ways and Means. 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 2018-10-11 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-10-11 Introduced in Senate IntroReferral 10000 9 Library of Congress D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN N E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2018-11-27 False Taxation Business investment and capital Income tax deductions Interest, dividends, interest rates Motor vehicles Outdoor recreation Taxation 00 2018-10-11 Introduced in Senate 2018-10-19T13:20:51Z 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 A bill to amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers. Introduced in Senate IS Short Titles as Introduced Travel Trailer and Camper Technical Correction Act Introduced in Senate 2018-10-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3600is/xml/BILLS-115s3600is.xml 2018-10-11 Read twice and referred to the Committee on Finance. 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.