As part of a series of recent federal advocacy wins, OHI is celebrating the permanent extension of the 20% Qualified Business Income (QBI) deduction, a major victory for outdoor hospitality businesses.
This change, secured through the passage of the Main Street Tax Certainty Act, provides long-term tax relief for small business owners, encourages reinvestment and strengthens the financial future of RV parks, campgrounds and glamping resorts across the country.
OHI actively supported the Main Street Tax Certainty Act, sponsored by Sen. Steve Daines (R-MT), which successfully made the 20% Qualified Business Income (QBI) deduction permanent. This provision allows eligible small business owners to deduct up to 20% of their qualified business income from their taxable income providing meaningful savings year after year.
“The permanent Qualified Business Income (QBI) Deduction allows small business owners to deduct up to 20% of their qualified business income from pass-through entities like sole proprietorships, partnerships, or S corporations,” Jane Saxon, managing director at CBIZ, said. “For example, if an owner earns $100,000 in qualified income, they could deduct $20,000, reducing taxable income. This permanent tax break puts more money in owners’ pockets, provides tax planning opportunities, boosts confidence to invest in business growth, and eliminates stress over expiring tax rules, letting owners focus on running their business.”
This insight comes with appreciation for OHI partners Morgan Stanley Wealth Management, who coordinated with their own trusted tax experts to help break down the business impact of this legislation on OHI’s behalf. While the QBI deduction offers broad benefits, every business is different, and we encourage all members to consult with their accountant or tax advisor to determine what applies in their specific situation.
In addition to lowering effective tax rates, the legislation also allows for the immediate deduction of qualifying equipment and property purchases, making it easier for park owners to reinvest in cabins, RV sites, utility infrastructure and other capital improvements.
“These are businesses reinvesting in better guest experiences and long-term growth,” said David Basler, OHI’s chief strategy officer. “Removing uncertainty around these deductions gives owners the confidence to plan and invest with the future in mind.”
“These tax victories mark a critical step forward, but OHI’s advocacy efforts continue. We are currently working to advance other key priorities at the federal level, including the Credit Card Competition Act and the Online Accessibility Act, while also supporting state-level legislation on guest ejection rights, inherent risk protections, and campground-specific regulations,” OHI said.
As always, these wins would not be possible without the commitment of OHI members who traveled to Washington, contacted senators and made their voices heard.
OHI urges all members to remain engaged and be ready to act when needed, so be on the lookout for another grassroots campaign from OHI’s Advocacy Action Center.
Those interested in learning more about OHI’s advocacy efforts can visit ohi.org/advocacy/ for more information.
