H.R. 332 aims to modify the Internal Revenue Code of 1986 by expanding the definition of floor plan financing to include certain trailers and campers. The bill specifies that trailers and campers designed for recreational, camping, or seasonal use, and meant to be towed by or...
Simple Explanation
H.R. 332 wants to change the rules about how certain loans work, making it easier for places that sell trailers and campers (like the ones people use for camping or during the summer) to get special help with their finances. This change would start at the beginning of 2025.