Why Should I Vote On BetterDistricts?

Polling is a powerful tool to help our elected officials determine how they should vote.

Standard polling methods don't give you the control that you deserve. With BetterDistricts you can show your representative exactly how strongly a bill is supported in your community.

Send a clear signal on how you want your government to work.

 

S. 3600 - Travel Trailer and Camper Technical Correction Act

Sponsor: Joe Donnelly (D)
Introduced: 2018-10-11
Bill Status: Read twice and referred to the Committee on Finance.
 

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.

Full Text


115th CONGRESS
2d Session
S. 3600


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


IN THE SENATE OF THE UNITED STATES

October 11, 2018

    Mr. Donnelly introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Travel Trailer and Camper Technical Correction Act”.

SEC. 2. Floor plan financing applicable to certain trailers and campers.

(a) In general.—Section 163(j)(9)(C) of the Internal Revenue Code of 1986 is amended by adding at the end the following new flush sentence:

“Such term shall also include any trailer or camper which is designed to provide temporary living quarters for recreational, camping, or seasonal use and is designed to be towed by, or affixed to, a motor vehicle.”.

(b) Effective date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2017.


Relevant News Stories And Blog Posts

Title Worth Reading

Vote on S. 3600

 

Activity in last 30 days