Tuesday, December 5, 2017
Breaking News
Home » RV Industry News » Auto dealers get last-minute tax break in Senate reform bill

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.

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.

Print Friendly, PDF & Email


About Ronnie Garrett

Ronnie Garrett 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

RV Daily Report welcomes comments from readers. However, we expect that comments will be cordial and professional without reverting to name-calling, profanity and libelous language. Comments of that nature will be removed.