Trailers and campers are brought into floor plan financing
What the document says“Such term shall also include any trailer or camper which is designed to provide temporary living quarters for recreational, camping, or seasonal use and is designed to be towed by, or affixed to, a motor vehicle.”
The section adds a flush sentence at the end of section 163(j)(9)(C) of the Internal Revenue Code of 1986 bringing within the term any trailer or camper built to give temporary living quarters for recreational, camping or seasonal use and built to be towed by or fixed to a motor vehicle.
What the document actually says“Such term shall also include any trailer or camper which is designed to provide temporary living quarters for recreational, camping, or seasonal use and is designed to be towed by, or affixed to, a motor vehicle.”
The term now covers a trailer or camper. It must be built for short stays. It must be towed by or fixed to a vehicle.
Camping and seasonal use both count. The term is used in a rule on dealer financing. That rule is not indexed here.
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