Friday, February 15, 2008

Indiana RV Owners Could Get Tax Break

SouthBendTribune.com
NDIANAPOLIS -- The way RVs are taxed could change under an industry-backed bill advanced Tuesday.

The Senate Tax and Fiscal Policy Committee gave a nod to House Bill 1125, which puts RVs and truck campers on an excise tax scale similar to the one used for ordinary vehicles. Right now, RVs are taxed as personal property. If signed into law, the rule would take effect in 2010.

That means Hoosiers who own the units -- many of which are built in northern Indiana -- have to deal with changing taxes on their RVs depending on how local assessors value the property, said Mark Bowersox of the Recreation Vehicle Indiana Council, the industry's statewide lobby.

The new system adds predictability to the purchase of an RV, he said.
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