The definition of “motor vehicle” in the federal tax code inequitably impacts certain segments of the RV industry. While floor plan financing interest charges on motorhomes remains fully deductible, towable RVs are now limited to deductions of only 30% of interest expenses based on earnings before interest and tax. This is unfair and was not the Congressional intent behind changing the definition of “motor vehicle” in the Tax Cuts & Jobs Act back in 2017.
Join us on Thursday, May 18, for a concise webinar led by Senior Manager of Government Affairs, Samantha Rocci, as we explain how this unfair tax treatment came to be and the bill Congress should pass to remedy the issue.
This is one of the issues participants in the upcoming Advocacy Day will be advocating for with their Members of Congress. If you are planning to attend, we highly encourage you to get a jump start by attending this webinar. And for those not attending Advocacy Day, this is still a great way to learn more about how this issue is negatively impacting our industry and what you can do to help resolve the issue.