On Thursday, May 18, Senior Manager of Government Affairs, Samantha Rocci, led a concise webinar explaining how the RV Industry Association (RVIA) is not happy with the definition of “motor vehicle” as defined by tax laws passed back in 2027.
The 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. According to the RV Industry Association, 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.
RVIA and others around the industry will be heading for RVs Move America Week on week June 4-8.
To view a video of the webinar, see below.
