US Congress Senate Bill 3600 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on October 11 2018 - 25% progression, died in committee
Action: 2018-10-11 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Travel Trailer and Camper Technical Correction Act This bill amends the Internal Revenue Code, with respect to the limit on the deduction for business interest, to modify the definition of "floor plan financing indebtedness" to include the financing of certain trailers and campers. Under current law, "floor plan financing indebtedness" is: (1) used to finance the acquisition of motor vehicles held for sale or lease, and (2) secured by the acquired inventory. The bill specifies that, for the purpose of this definition, a motor vehicle includes any trailer or camper which is designed to: (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.

Travel Trailer and Camper Technical Correction Act

Sen. Joe Donnelly [D-IN]

Sen. Joni Ernst [R-IA]

Date	Chamber	Action
2018-10-11	Senate	Read twice and referred to the Committee on Finance.

HB6969 (Same As) 2018-09-28 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/3600/all-info
Text	https://www.congress.gov/115/bills/s3600/BILLS-115s3600is.pdf