The RV Industry Association (RVIA) this Thursday is sponsoring a webinar titled “Fair Tax Treatment for All RV Dealers.”
“The definition of ‘motor vehicle’ in the federal tax code inequitably impacts certain segments of the RV industry,” RVIA said in its announcement. “While floorplan 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 will be one of the issues that participants attending RVs Move America week in Washington, D.C., will be speaking to their members of Congress. If you are planning, this webinar will give you valuable background, and for those not attending, it’s still a great way to learn more about how this issue is negatively impacting the industry and what you can do to help resolve the issue.
The webinar begins at 2 p.m. ET this Thursday (11 a.m. PT). Click here to register.
