In the past, the creation of an Interest-Charge Domestic International Sales Corporation (IC-DISC) has allowed U.S. manufacturers from a number of industries to greatly reduce the amount of tax paid on their exports—and the automotive industry has been no exception. For example, tax specialist alliantgroup recently helped one company that produces LED lights for a variety of motor vehicles receive $235,600 in tax savings on their exports. Another company that creates fabrics and composites for automotive applications was eligible to receive $539,000 in tax dollars for its IC-DISC.
Government Affairs News
A Florida man will serve jail time and is required to pay restitution for trafficked counterfeit goods.
The Occupational Health and Safety Administration (OSHA) has issued a final rule requiring employers to report within eight hours when a worker has been killed on the job and within 24 hours when an employee suffers a work-related hospitalization, amputation or loss of an eye.
SEMA announced that its new member guide describing the process by which businesses can protect their intellectual property (IP) rights is now available online.
The Obama Administration is leading an international effort to voluntarily phase-out production and use of the coolant R-134a and other hydrofluorocarbons (HFCs).
California has joined the state of Connecticut and at least 13 major cities nationwide in enacting legislation to require employers to provide paid sick leave to their employees.
Working with members of the legislature, SEMA has decided to abandon a plan to offer a compromise to exhaust noise legislation.
Election Day will fall on the first day of the 2014 SEMA Show.
SEMA-opposed legislation to prohibit motor-vehicle repair facilities from modifying an exhaust system to “produce noise in excess of OEM stock decibel levels” has been introduced in Michigan.
Legislation to establish an advisory committee to study a road-usage fee was approved by the California Assembly and Senate.
The National Highway Traffic Safety Administration (NHTSA) has taken the first step toward requiring vehicle-to-vehicle (V2V) communications in all new light-duty cars. The agency issued a research report and an advance proposed rule to mandate the installation of wireless equipment warning drivers of potential danger. The NHTSA has identified the year 2020 as its target to begin implementing the rule.
At SEMA’s request, a provision was deleted in North Carolina legislation that would have imposed a fine on any person that equipped a car with headlamps that “change the original design.”
The U.S. Environmental Protection Agency (EPA) is proposing to ban the use of HFC-134a as a motor-vehicle air-conditioning system refrigerant starting with model-year (MY) ’21 new vehicles.
The Massachusetts state legislature failed to complete action on a series of bills that would have impacted the automotive hobby.
Who isn’t frustrated with Washington, D.C., gridlock? While one person can’t change the dysfunction, collectively we can help influence the process. Our industry needs your help.
The U.S. House of Representatives passed a bill to reform aspects of the Endangered Species Act (ESA). The legislation would require the U.S. Fish and Wildlife Service to release data used to make listings of threatened or endangered animals and plants, require that state data be included in the calculations when making such determinations, report how much money is spent on ESA-related lawsuits and place reasonable caps on attorney fees.
Legislation to expand the range of antique motor vehicles eligible to use original year-of-manufacture license plates was signed into law by Governor Maggie Hassan. Under previous law, only ’60 and earlier model-year antique vehicles were eligible to use these plates.
The National Highway Traffic Safety Administration (NHTSA) has proposed two changes for the tire identification number (TIN) that appears on all new and retreaded motor vehicle tires sold in the United States.
Thanks to the efforts of State Automotive Enthusiast Leadership Caucus member Senator Michael Kowall, the Michigan State Senate adopted a resolution commemorating August 2014 as Automotive Heritage Month in the state. This action follows U.S. Senate Resolution 493, which designated July 11, 2014, as Collector Car Appreciation Day and was requested by the SEMA Action Network (SAN) to raise awareness of the vital role automotive restoration and collection plays in American society.
On July 11, 2014, SEMA members joined with SEMA staff and thousands of enthusiasts to celebrate the fifth annual Collector Car Appreciation Day (CCAD). A wide range of official events were held in the United States, Canada and Australia to commemorate the special day.
Legislation to authorize the Rhode Island Division of Motor Vehicles to issue replica year of manufacture plates for antique vehicles was signed into law by Governor Lincoln Chafee.
The National Highway Traffic Safety Administration (NHTSA) does not intend to issue a federal safety standard based on tire age. The agency announced its decision in a report entitled, “Tire Aging: A Summary of NHTSA’s Work.” The agency has been studying the issue for many years.
The New York state legislature failed to complete action on a series of bills that would have had a positive impact on the automotive hobby.
For the third consecutive year, Las Vegas Mayor Carolyn G. Goodman and the Las Vegas City Council has issued a proclamation declaring “Collector Car Appreciation Day” in the city.