Travel Trailer and Camper Tax Parity Act

HR 3624, the Travel Trailer and Camper Tax Parity Act, amends the tax code to include certain towable travel trailers and campers under floor plan financing rules. This change directly affects recreational vehicle (RV) dealers and manufacturers who sell trailers designed for temporary living quarters (like camping or seasonal use) that are towed by or attached to a motor vehicle. The key provision expands the definition in tax law so these vehicles qualify for the same business tax treatment as other floor plan inventory, allowing dealers to deduct financing costs over time instead of upfront. The law applies to taxable years starting after December 31, 2022.