Home » RV Industry News » Auto dealers get last-minute tax break in Senate reform bill
(Dec. 5, 2017) -- The tax reform bill will lower taxes on many corporations, as promised. But in its original form it would have meant higher taxes for most car dealers.

Auto dealers get last-minute tax break in Senate reform bill

WASHINGTON, D.C. — One of the late-night, last-minute changes to the Senate’s tax reform bill is a huge break for auto dealers, reported WGNO.

The tax reform bill will lower taxes on many corporations, as promised. But in its original form it would have meant higher taxes for most car dealers.

That’s because the bill imposed new limits on the interest payments businesses can write off, capping any deduction at 30 percent of a company’s income.

Read the full WGNO article here.

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About Ronnie Wendt

Ronnie Wendt is the editor in chief of RV Daily Report. She's been a writer/editor for more than 25 years, working in law enforcement, aviation, supply chain and now the RV industry. She's not a stranger to RVs, however. She grew up camping, and still camps as many weekends as she can every year.

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