A wide range of automotive events are held on the second Friday in July to honor Collector Car Appreciation Day (CCAD). At the request of the SEMA Action Network (SAN), this “holiday” has been marked each year since 2010 by a U.S. Senate Resolution recognizing that the “collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.”
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.
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 and now moves to Governor Bobby Jindal for his signature and enactment into law.
Legislation that originally repealed the six-year limitation for applying a salvage brand to a motor vehicle for which the cost of being repaired exceeded its value was signed into law by Governor John Hickenlooper.
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.
The Internal Revenue Service (IRS) adjusted for inflation the maximum contributions that can be made to health savings accounts (HSAs) in 2015.
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.
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.
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.
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.