For the 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: (1) Any prize money received from participating in such an activity is declared as ordinary income for tax purposes; (2) The cost of participating in such an activity is not deducted as a business expense for tax purposes; and (3) No corporate sponsorship exceeding two thousand dollars in any one calendar year is involved in participating in such an activity.
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