32-3-66 Certain motor home transport uses not deemed private business uses.
Certain motor home transport uses not deemed private business uses.
purposes of this chapter, if a motor home is used to transport a motor vehicle, boat, or animal to a
race, tournament, show, or similar event, the motor home is not deemed to be engaged in a private
business use if:
Any prize money received from participating in such an activity is declared as ordinary
income for tax purposes;
The cost of participating in such an activity is not deducted as a business expense for tax
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No corporate sponsorship exceeding two thousand dollars in any one calendar year is
involved in participating in such an activity.
SL 2003, ch 163, § 2.
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