Search Results: keywords:"floor plan financing"

  • S. 1314 — To amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers.
    Status:Introduced in Senate
    Words:263

    The bill S. 1314, titled the “Travel Trailer and Camper Tax Parity Act,” aims to amend the Internal Revenue Code of 1986. It proposes to include trailers and campers, specifically those designed for temporary living quarters like for camping or recreational use, under the...

    Simple Explanation

    The bill wants to make a small change in the tax rules so that people who sell trailers and campers, which are like little homes you can take on trips, can get the same kind of financing deals as car sellers. This change would start working in 2025.

  • H. R. 332 — To amend the Internal Revenue Code of 1986 to provide that floor plan financing includes the financing of certain trailers and campers.
    Status:Introduced in House
    Words:256

    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.