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.