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

H.R. 332 is a federal bill in the 119th Congress. Currently, businesses can generally only deduct up to 30% of their adjusted taxable income for business interest expenses. However, businesses that sell motorized vehicles, like cars and trucks, can deduct all the interest they pay on loans used to finance… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.