5 February 2024
5 February 2024, Comments Comments Off on RV Industry Association shares its 2024 federal legislative priorities
RV Industry Association shares its 2024 federal legislative priorities

The RV Industry Association’s Government Affairs team has shared its 2024 federal legislative priorities.

It has four main goals for the year: reauthorizing the Generalized System of Preferences; reforming competitive needs limitations through the CNL Update Act; passing the outdoor recreation package; and passing the Travel Trailer and Camper Tax Parity Act.

The definition of motor vehicle in the federal tax code inequitably impacts certain segments of the RV industry. While floor plan financing interest charges on motorhomes remains fully deductible, towables— which make up 85% of 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. 

The Government Affairs team continues to urge Congress to pass House and Senate Travel Trailer and Camper Tax Parity legislation. Progress was made on this issue during the summer and fall of last year; most notably,

In addition to the above priorities, the federal affairs team is consistently monitoring federal regulatory proposals to ensure there is no risk of undue burdens on the RV industry. The Government Affairs team also makes sure federal regulators, such as the Department of Energy and others, are aware of the uniqueness of the industry and its needs.