The U.S. Treasury Department, Internal Revenue Service, and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits.
Government Affairs News
SEMA and 113 other trade associations sent a letter urging President Donald Trump, House Speaker Nancy Pelosi and Senate Majority Leader Mitch McConnell to help businesses survive the COVID-19 crisis by employing an economic response matching the scale now being taken to end the pandemic.
President Trump signed a bill into law in response to the COVID-19 (coronavirus) outbreak that provides paid sick and family leave, expands unemployment benefits and offers free coronavirus testing.
An appreciation for the automotive hobby began early for former U.S. Representative David Valadao (R-CA).
SEMA-opposed legislation (H.B. 2373/S.B. 6156) in Washington that would have significantly restricted eligibility of collector vehicles and horseless carriages failed to pass as the legislature adjourned for the year.
The U.S. Department of Labor (DOL) issued a final rule to encourage companies, trade associations, colleges, unions and other entities to establish industry-recognized apprenticeship programs (IRAP).
SEMA has submitted recommendations to the White House Office of Management and Budget (OMB) on ways to improve regulatory enforcement by the federal government.
The Coronavirus Preparedness and Response Supplemental Appropriations Act of 2020 enacted on March 6 includes a provision allowing companies to seek a Small Business Administration (SBA) emergency loan of up to $2 million.
The Harmless Error Lesser Penalty for Small Businesses Act (HELP for Small Businesses Act), S. 2757, would apply to violations such as information collection requests.
The March 6 presentation considers immediate consequences and notes that the greatest supply-chain disruption may still lie ahead.