3.0.0 4349 2022-11-01T13:50:00Z 2022-11-01T13:50:00Z House HR 2019-09-17 116 [Congressional Record Volume 165, Number 149 (Tuesday, September 17, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. WALORSKI:H.R. 4349.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1[Page H7754]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-09-17T16:02:20Z Travel Trailer and Camper Tax Parity Act 116 1543 S 2019-05-20 Read twice and referred to the Committee on Finance. Related bill CRS 2019-09-17 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-09-17 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-09-17 Introduced in House IntroReferral 1000 9 Library of Congress W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 N M001202 Rep. Murphy, Stephanie N. [D-FL-7] Stephanie Murphy D FL N. 7 2019-09-17 True T000468 Rep. Titus, Dina [D-NV-1] Dina Titus D NV 1 2019-09-17 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2019-09-27 False C001094 Rep. Cook, Paul [R-CA-8] Paul Cook R CA 8 2019-10-18 False B001284 Rep. Brooks, Susan W. [R-IN-5] Susan Brooks R IN W. 5 2019-11-14 False S001213 Rep. Steil, Bryan [R-WI-1] Bryan Steil R WI 1 2020-07-02 False Taxation Business investment and capital Income tax deductions Interest, dividends, interest rates Motor vehicles Outdoor recreation Taxation 00 2019-09-17 Introduced in House 2019-09-19T17:50:39Z Travel Trailer and Camper Tax Parity Act

This bill modifies the limit on the tax deduction for business interest to include the financing of certain trailers and campers in the definition of "floor plan financing indebtedness." (Interest on floor plan financing indebtedness is exempt from the limit.)

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 that 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 Tax Parity Act Display Title Travel Trailer and Camper Tax Parity 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 Title(s) as Introduced Travel Trailer and Camper Tax Parity Act Introduced in House IH Introduced in House 2019-09-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4349ih/xml/BILLS-116hr4349ih.xml 2019-09-17 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.