Government Affairs

Syndicate content

U.S. House of Representatives Begins Work to Extend Corporate Tax Credits

The U.S. House of Representatives has approved a bill to permanently extend the research and development (R&D) credit. Several other bills to permanently extend tax credits that expired in 2013 are awaiting House consideration, including an extension of the $500,000 small-business expensing limit.

Minnesota Bill to Ease Process for Designating Classic Cars Sent to Governor

Legislation to provide for a program that will allow classic-car status to be determined from nationally recognized standards and guides was approved by the full Senate.

New Hampshire Bill to Expand Year-of-Manufacture Plates Law Approved by Committee; Moves to Senate Floor

Legislation to expand the range of vehicles eligible to use original year-of-manufacture license plates on antique motor vehicles was approved by the New Hampshire Senate Transportation Committee and now moves to vote by the full Senate.

Rhode Island Bill to Allow Year of Manufacture License Plates to be Considered on May 1

Legislation to authorize the Division of Motor Vehicles to issue replica year of manufacture plates for antique vehicles will be considered by the House Finance Committee on Thursday, May 1, 2014.

U.S. House of Representatives Tackles Endangered Species Act Reform

The U.S. House Natural Resources Committee approved four bills to reform aspects of the Endangered Species Act (ESA). The bills have been sent to the House floor. The bills would require the U.S. Fish and Wildlife Service (FWS) to release data used to make listings of threatened or endangered animals and plants, report how much money is spent on ESA-related lawsuits and place a cap on plaintiff attorney reimbursement fees. 

IRS Adjusts Maximum Health Savings Account Contributions for 2015

The Internal Revenue Service (IRS) adjusted for inflation the maximum contributions that can be made to health savings accounts (HSAs) in 2015.

Arizona Bill to Create Rolling Emissions Inspection Exemption for Vehicles 40 Years Old and Older Dead for the Year

Legislation to create a rolling emissions inspection exemption for vehicles that are 40 years old or older was not considered in committee before the mandatory deadline. The bill is dead for the year.  

Kentucky Bill to Assess Motor Vehicles for Property Tax Dies as Legislature Adjourns

Kentucky legislation to change the valuation procedure on vehicles for purposes of the property tax died when the legislature adjourned for the year. The bill would have put a new valuation procedure in place for older vehicles.

Louisiana Bill to Recognize “Collector Car Appreciation Weekend” Approved by Committee; Moves to Senate Floor

Legislation to annually designate the Friday, Saturday and Sunday of the second weekend in July as "Louisiana Collector Car Appreciation" weekend was approved by the Louisiana Senate Judiciary Committee and now moves to the floor of the Senate for a vote by all members.

U.S. Congress Moves to Renew Expired Tax Credits

Since the U.S. House of Representatives will likely not tackle comprehensive tax reform in 2014, lawmakers have begun drafting legislation to extend a variety of yearly tax breaks that expired at the end of 2013.
Add to calendar