S. 1314: Travel Trailer and Camper Tax Parity Act
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-04-07 |
| Sponsor | Sen. Ernst, Joni [R-IA] |
| Policy area | Taxation |
| Cosponsors | 4 |
| Latest action | 2025-04-07 — Read twice and referred to the Committee on Finance. |
| Last updated | 2025-12-05 |
Summary
Official summary (Introduced in Senate, 2025-04-07):
Travel Trailer and Camper Tax Parity Act
This bill expands the exclusion of interest on floor plan financing from the limit on the tax deduction for business interest expenses to include interest on floor plan financing of certain non-motorized, towable campers and trailers.
Under current law, the tax deduction for business interest expenses is generally limited to 30% of adjusted taxable income. (Some exceptions apply.) However, under current law, interest on floor plan financing (financing used to acquire inventory for sale or lease) of motorized vehicles (e.g., self-propelled vehicles designed to transport people) is excluded from the limit on the tax deduction for business interest expenses.
Under the bill, the exclusion of interest on floor plan financing from the limit on the tax deduction for business interest expenses is expanded to include interest on floor plan financing of any camper or trailer designed to (1) provide temporary living quarters for recreational, camping, or seasonal use; and (2) be towed by, or affixed to, a motor vehicle.
Cosponsors (4)
| Name | Party / state |
|---|---|
| Angus S. King, Jr. | I ME (original cosponsor) 2025-04-07 |
| Todd Young | R IN (original cosponsor) 2025-04-07 |
| Jim Banks | R IN 2025-04-09 |
| Chuck Grassley | R IA 2025-06-09 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 1314 are published by Congress on congress.gov.
View S. 1314 on congress.gov →
Frequently asked questions
What is S. 1314?
S. 1314 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Travel Trailer and Camper Tax Parity Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 1314 are available on congress.gov.
Bill data: congress.gov API (official congressional records).