H.R. 332: Travel Trailer and Camper Tax Parity Act

Introduced Jan 13, 202511 cosponsors

Sponsor

Rudy Yakym

Republican · IN-2

Camper dealers won car-lot tax parity through a bigger bill

3 min readLast updated September 26, 2026

Why it matters

A dealer carrying $2 million in trailers at 8% pays about $160,000 a year in inventory interest. H.R. 332 would let all of it be deducted like a car dealer's, instead of being squeezed under the federal cap on business interest. That change is now law through the One Big Beautiful Bill Act, applying to 2025 tax years.

Most businesses can deduct interest only up to a cap, generally 30% of their adjusted taxable income. Vehicle dealers get an exception for floor plan financing, the revolving loans they use to stock their lots. That interest is deductible in full.

The exception covers self-propelled road vehicles like cars, trucks, and motorhomes, plus boats and farm equipment. A travel trailer or pop-up camper has no engine, so a dealer financing those units was held to the cap.

H.R. 332 adds towable campers and trailers built for temporary recreational, camping, or seasonal living to the exception, so their inventory interest becomes fully deductible. The change applies to tax years beginning after December 31, 2024.

The bill does nothing for people buying a camper. There is no credit, rebate, or deduction for you as a shopper. Any effect at the register would come indirectly, through what a dealer can afford to keep in stock.

Congress enacted the same change in the One Big Beautiful Bill Act, signed July 4, 2025, with the same 2025 start date. H.R. 332 and its Senate twin, S. 1314, remain in committee, but the policy they propose is already in effect.

Bill Progress

IntroducedJan 13

Committee

Pass House

Pass Senate

Signed

Law

Latest Action · Jan 13, 2025

1/3

Referred to the House Committee on Ways and Means.

H.R. 332 Bill Summary

What H.R. 332 actually does.

Towable campers join cars and motorhomes

Adds any camper or trailer designed for temporary recreational, camping, or seasonal living, and built to be towed by or mounted on a motor vehicle, to the vehicles that qualify for floor plan financing treatment.

Lot-stocking interest comes out from under the cap

Interest on loans used to carry qualifying trailers and campers in inventory is no longer counted against the general limit on deducting business interest, generally 30% of adjusted taxable income.

Applies to 2025 tax years onward

Takes effect for tax years beginning after December 31, 2024. The version enacted in the One Big Beautiful Bill Act uses the same start date.

Who benefits from H.R. 332?

Dealers selling travel trailers, fifth-wheels, and pop-up campers

A dealer that had deductions held back by the interest cap can now deduct its full inventory interest for the year. Dealers heavy on towables and light on taxable income see the most change.

Mixed RV lots

Dealers selling both motorhomes and towables no longer have to treat half their inventory financing one way and half another.

Towable RV manufacturers

Much of the industry builds in Indiana, including the sponsor's district around Elkhart. Lower carrying costs for dealers can support steadier wholesale orders.

Who is affected by H.R. 332?

People shopping for a camper or trailer

No direct tax change for you. Any effect would come through dealer stocking and pricing decisions.

Federal revenue

Deducting more interest sooner lowers dealer tax bills, so the Treasury collects less. No standalone cost estimate for H.R. 332 is available.

Other businesses with inventory loans

The exception still covers only vehicles, boats, farm equipment, and now towable campers. A furniture or appliance retailer financing its showroom stays under the general interest cap.

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Tracking floor activity — no debate on H.R. 332 yet. Updates when a legislator speaks on the record.

HR332 Legislative Journey

1 actions

House: Committee Action

Jan 13, 2025

Referred to the House Committee on Ways and Means.

About the Sponsor

Rudy Yakym

Republican, Indiana's 2nd congressional district · 4 years in Congress

Committees: Ways and Means

View full profile →

Cosponsors (11)

No new cosponsors in 570 days — momentum stalled

This bill has 11 cosponsors: 1 Democrat, 10 Republicans. Cosponsors represent 8 states: Florida, Iowa, Indiana, and 5 more.

1Democrat10Republicans·8 states

Dina Titus

Democrat · NV

Randy Feenstra

Republican · IA

James Baird

Republican · IN

Claudia Tenney

Republican · NY

Mike Kelly

Republican · PA

Troy Balderson

Republican · OH

Erin Houchin

Republican · IN

Carol Miller

Republican · WV

Gregory Steube

Republican · FL

Vern Buchanan

Republican · FL

Mike Carey

Republican · OH

Committee Sponsors

Ways and Means Committee

19D26R

|7 signed38 not yet

7 of 45 committee members cosponsored

19 Republicans across this committee haven't cosponsored yet. Mobilize their constituents

H.R. 332 Quick Facts

Cosponsors

+6 more

Committee: Ways and Means
Chamber: House
Policy: Taxation
Introduced: Jan 13, 2025

Referred to the House Committee on Ways and Means.

Jan 13, 2025

Constituent Resources

Find your legislators on H.R. 332

Get notified when this bill moves

Official Sources

H.R. 332 on Congress.gov

Official bill page with full text, cosponsors, actions, and committee referrals for the Travel Trailer and Camper Tax Parity Act.

S. 1314 on Congress.gov (Senate Companion)

The identical Senate bill, referred to the Senate Finance Committee.

Public Law 119-21 on GovInfo

The One Big Beautiful Bill Act, signed July 4, 2025, which enacted the same floor plan financing change for towable campers and trailers.

26 U.S.C. 163 — Interest

The Internal Revenue Code section this bill amends. Subsection (j)(9)(C) defines floor plan financing indebtedness, which HR332 expands to include travel trailers and campers.

IRS: Section 163(j) Business Interest Limitation Q&A

Comprehensive IRS FAQ on business interest expense limitation with detailed treatment of floor plan financing definitions and motor vehicle classifications.

IRS: Updated FAQ on 163(j) Changes (Dec 2025)

IRS announcement covering recent legislative changes to section 163(j), including the expanded floor plan financing definition that now covers trailers and campers.

IRS Form 8990 Instructions (Section 163(j))

Official instructions for the form dealers use to calculate their business interest expense deduction, including Line 4 for floor plan financing interest expense.

House Ways and Means Committee

The committee to which HR332 was referred. As the chief tax-writing committee in the House, Ways and Means has jurisdiction over all Internal Revenue Code amendments.

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H.R. 332 Common Questions

What does H.R. 332 do?

It lets dealers fully deduct the interest on loans used to stock travel trailers and towable campers, the same way car and motorhome dealers already could. Without it, that interest counted against the general cap on business interest deductions.

Is the Travel Trailer and Camper Tax Parity Act law?

Not as a standalone bill. H.R. 332 is still in the Ways and Means Committee. But Congress enacted the same change in the One Big Beautiful Bill Act, signed July 4, 2025, so the policy is in effect.

Do I get a tax break for buying a camper?

No. The bill covers dealers' inventory financing, not your purchase. There is no credit or deduction for buyers.

What is floor plan financing?

It is a revolving loan a dealer uses to buy inventory for the lot. The lender is repaid as each unit sells, and the dealer pays interest on every unit while it waits for a buyer.

Why weren't trailers already covered?

The existing exception was written for self-propelled vehicles like cars, trucks, and motorhomes. A towable trailer has no engine, so its financing did not qualify.

Which campers qualify?

Any camper or trailer designed for temporary recreational, camping, or seasonal living that is towed by, or mounted on, a motor vehicle. That covers travel trailers, fifth-wheels, pop-ups, and truck campers.