Thu, 01/03/2013 - 15:22

SEMA News—January 2013

EVENTS

2012 SEMA Show Highlights

Innovations of Generations Showcased in Las Vegas

As the specialty-equipment industry’s premier trade event, the annual SEMA Show is the number-one barometer of automotive specialty-equipment trends. If anything, the 2012 SEMA Show, held October 30 through November 2 in Las Vegas, indicated a vibrant, growing industry definitely bullish on the future.

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows

Consider these Show statistics: Total attendance rose to 135,000—up 2% over last year. Meanwhile, exhibitors hit the 2,250 mark, with 500 of them being first-timers. There were more than 60,000 buyers plying the Show floor, along with 3,000 media representatives. All in all, the Show offered 1 million net square feet of innovation, education and business opportunities.

“The SEMA Show remains the largest small-business gathering in the United States,” said SEMA President and CEO Chris Kersting. “It’s an amazing event where the specialty-equipment industry forges new partnerships while exploring and celebrating the latest trends that continue to make the automotive aftermarket a vibrant sector of the national economy and, increasingly, the international marketplace as well. We’re extremely pleased with the positive feedback we’ve received from every quarter of Show participants.”

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows

SEMA Vice President of Communications and Events Peter MacGillivray noted that the groundswell of industry support for the 2012 SEMA Show was evident everywhere. “The Show continues to grow, delivering clearly perceived value to attendees through exciting new and featured products, Show vehicles, educational seminars and special events, and media exposure,” he said. “But most importantly, exhibitors and buyers alike are reporting quality connections at record levels. The SEMA Show is clearly the place the industry comes to do business.”

Performance, style, inspiration, leadership, marketing, learning and more—they were all on display at the 2012 SEMA Show. In the following pages we offer a sampling of Show highlights designed not so much to look back, but forward to what we anticipate will be an even more groundbreaking 2013 Show, to be held November 5–8 at the Las Vegas Convention Center. For a more detailed view of the 2012 Show (and to get complete information for 2013), be sure to visit www.SEMAShow.com.

GLOBAL

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
The SEMA Show acts as a magnet for automotive retailers and installers, who travel from dozens of countries around the world to do business under one roof in Las Vegas. For the second year in a row, buyer registration topped the 60,000 mark, and attendance by international buyers from the Middle East, Asia, South America, Australia—and many more regions—was a factor in that trend. Taking advantage of the opportunity, many SEMA Show exhibitors showed that they are aggressively leveraging the export trend to expand sales. Product offerings in the Wheels & Accessories section, which grew in size by more than 20%, were especially rich.

 

INSPIRATION

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
“Look what I found,” is a phrase that comes up a hundred times and more at every SEMA Show, as buyers connect the dots between a new idea and a product discovered on the Show floor. Thousands come to find parts that will solve a problem, fit a particular need or help make a custom vehicle more fun to operate. They may find exactly that, or just as likely, leave with a new plan to create something better yet. With more than 500 companies exhibiting for the first time ever, buyers and media were treated to a fresh wave of never-before-seen product offerings.

     

MARKETING

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
The 2012 SEMA Show saw a flood of new parts and pieces brought to the Show floor. Exhibitor participation was up by 5% overall, and Ideas Alive: Featuring the New Products Showcase—a Show feature that concentrates new parts into a single Show section for easy identification and inspection—was larger than the prior year by 6%. Ideas Alive is a key destination for buyers and media who can quickly scan and download product information as they go. This year, foot traffic in the New Product Showcase was especially thick.

 

STYLE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Nowhere in the world is freedom of style and purpose more evident than at the SEMA Show, where thousands of exhibitors combine style with mechanical ingenuity. Some ignite new trends and some share new ideas and perspectives that mix and combine over time. But the desire to come up with something different is on display everywhere, as individuals and companies exercise their right to express their own sense of design—and, in the process, reach out for their piece of the American Dream.

     

LEARNING

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
With hundreds of experts on hand to share best practices and technical insights, the SEMA Show provides an unparalleled opportunity to learn first-hand how to succeed in a fast-changing business environment. The 100-plus scheduled educational events for the 2012 SEMA Show gave attendees the opportunity to absorb new technologies and technical skills, catch up on industry trends and return to work the following week with practical tools that can be implemented the day they return.

 

SHOWCASE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
The SEMA Show provides an amazing opportunity to launch new products and spread innovative ideas. A record number of registered journalists, including daily news reporters, magazine editors, television news crews, bloggers and electronic media representatives of all kinds chose to file stories based on what they saw at the Show—virtually ensuring that any newsworthy event, large or small, quickly came to the attention of the enthusiast world.

     

SCOPE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
As if more than 2,250 exhibitors filling the Convention Center was not enough, the depth and breath of the industry becomes obvious when the Show officially closes, and the SEMA Cruise begins. Thousands of fans show up to catch a glimpse of hundreds of custom cars, trucks and motorcycles—representing every possible sort of automotive category—as they exit the Show. Car after car, hour after hour, the Cruise is a rolling testament to the countless shapes the automotive aftermarket can take and the huge number of participants who are committed to it.

 

PERFORMANCE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Enthusiasm takes many shapes, and performance is measured in many ways—including racing. The Racing & Performance section of the 2012 SEMA Show experienced significant growth in size and participation, and the Ford Out Front section of the Show allowed space for all kinds of race-bred vehicles to show what they could do. Here we see Robbie Gordon at the wheel, just having some fun, before an appreciative crowd.

     

LEADERSHIP

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Shaping the priorities of a trade association is no easy task, and the work is never done. For the past few years, connecting the next generation with the original founders of the automotive aftermarket has been a key focus for association leadership. At this year’s Show, there were more youth-oriented events and activities than ever before, as special attention was paid to the innovations and accomplishments the younger generation brings to the industry.

 

CELEBRATE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Evenings were the time for friends and colleagues to come together, take a moment to relax and celebrate the accomplishments of a full day at the Show. With dozens of receptions and functions starting immediately after the Show floor closed, attendees were treated to rich and varied social networking opportunities every night, without setting foot outside the Las Vegas Convention Center.

 

Thu, 01/03/2013 - 15:22

SEMA News—January 2013

EVENTS

2012 SEMA Show Highlights

Innovations of Generations Showcased in Las Vegas

As the specialty-equipment industry’s premier trade event, the annual SEMA Show is the number-one barometer of automotive specialty-equipment trends. If anything, the 2012 SEMA Show, held October 30 through November 2 in Las Vegas, indicated a vibrant, growing industry definitely bullish on the future.

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows

Consider these Show statistics: Total attendance rose to 135,000—up 2% over last year. Meanwhile, exhibitors hit the 2,250 mark, with 500 of them being first-timers. There were more than 60,000 buyers plying the Show floor, along with 3,000 media representatives. All in all, the Show offered 1 million net square feet of innovation, education and business opportunities.

“The SEMA Show remains the largest small-business gathering in the United States,” said SEMA President and CEO Chris Kersting. “It’s an amazing event where the specialty-equipment industry forges new partnerships while exploring and celebrating the latest trends that continue to make the automotive aftermarket a vibrant sector of the national economy and, increasingly, the international marketplace as well. We’re extremely pleased with the positive feedback we’ve received from every quarter of Show participants.”

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows   Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows

SEMA Vice President of Communications and Events Peter MacGillivray noted that the groundswell of industry support for the 2012 SEMA Show was evident everywhere. “The Show continues to grow, delivering clearly perceived value to attendees through exciting new and featured products, Show vehicles, educational seminars and special events, and media exposure,” he said. “But most importantly, exhibitors and buyers alike are reporting quality connections at record levels. The SEMA Show is clearly the place the industry comes to do business.”

Performance, style, inspiration, leadership, marketing, learning and more—they were all on display at the 2012 SEMA Show. In the following pages we offer a sampling of Show highlights designed not so much to look back, but forward to what we anticipate will be an even more groundbreaking 2013 Show, to be held November 5–8 at the Las Vegas Convention Center. For a more detailed view of the 2012 Show (and to get complete information for 2013), be sure to visit www.SEMAShow.com.

GLOBAL

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
The SEMA Show acts as a magnet for automotive retailers and installers, who travel from dozens of countries around the world to do business under one roof in Las Vegas. For the second year in a row, buyer registration topped the 60,000 mark, and attendance by international buyers from the Middle East, Asia, South America, Australia—and many more regions—was a factor in that trend. Taking advantage of the opportunity, many SEMA Show exhibitors showed that they are aggressively leveraging the export trend to expand sales. Product offerings in the Wheels & Accessories section, which grew in size by more than 20%, were especially rich.

 

INSPIRATION

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
“Look what I found,” is a phrase that comes up a hundred times and more at every SEMA Show, as buyers connect the dots between a new idea and a product discovered on the Show floor. Thousands come to find parts that will solve a problem, fit a particular need or help make a custom vehicle more fun to operate. They may find exactly that, or just as likely, leave with a new plan to create something better yet. With more than 500 companies exhibiting for the first time ever, buyers and media were treated to a fresh wave of never-before-seen product offerings.

     

MARKETING

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
The 2012 SEMA Show saw a flood of new parts and pieces brought to the Show floor. Exhibitor participation was up by 5% overall, and Ideas Alive: Featuring the New Products Showcase—a Show feature that concentrates new parts into a single Show section for easy identification and inspection—was larger than the prior year by 6%. Ideas Alive is a key destination for buyers and media who can quickly scan and download product information as they go. This year, foot traffic in the New Product Showcase was especially thick.

 

STYLE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Nowhere in the world is freedom of style and purpose more evident than at the SEMA Show, where thousands of exhibitors combine style with mechanical ingenuity. Some ignite new trends and some share new ideas and perspectives that mix and combine over time. But the desire to come up with something different is on display everywhere, as individuals and companies exercise their right to express their own sense of design—and, in the process, reach out for their piece of the American Dream.

     

LEARNING

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
With hundreds of experts on hand to share best practices and technical insights, the SEMA Show provides an unparalleled opportunity to learn first-hand how to succeed in a fast-changing business environment. The 100-plus scheduled educational events for the 2012 SEMA Show gave attendees the opportunity to absorb new technologies and technical skills, catch up on industry trends and return to work the following week with practical tools that can be implemented the day they return.

 

SHOWCASE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
The SEMA Show provides an amazing opportunity to launch new products and spread innovative ideas. A record number of registered journalists, including daily news reporters, magazine editors, television news crews, bloggers and electronic media representatives of all kinds chose to file stories based on what they saw at the Show—virtually ensuring that any newsworthy event, large or small, quickly came to the attention of the enthusiast world.

     

SCOPE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
As if more than 2,250 exhibitors filling the Convention Center was not enough, the depth and breath of the industry becomes obvious when the Show officially closes, and the SEMA Cruise begins. Thousands of fans show up to catch a glimpse of hundreds of custom cars, trucks and motorcycles—representing every possible sort of automotive category—as they exit the Show. Car after car, hour after hour, the Cruise is a rolling testament to the countless shapes the automotive aftermarket can take and the huge number of participants who are committed to it.

 

PERFORMANCE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Enthusiasm takes many shapes, and performance is measured in many ways—including racing. The Racing & Performance section of the 2012 SEMA Show experienced significant growth in size and participation, and the Ford Out Front section of the Show allowed space for all kinds of race-bred vehicles to show what they could do. Here we see Robbie Gordon at the wheel, just having some fun, before an appreciative crowd.

     

LEADERSHIP

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Shaping the priorities of a trade association is no easy task, and the work is never done. For the past few years, connecting the next generation with the original founders of the automotive aftermarket has been a key focus for association leadership. At this year’s Show, there were more youth-oriented events and activities than ever before, as special attention was paid to the innovations and accomplishments the younger generation brings to the industry.

 

CELEBRATE

Automobile Events, Automobile Trade Show, Auto Show, Automotive Trade Show, Automotive Trade Shows
Evenings were the time for friends and colleagues to come together, take a moment to relax and celebrate the accomplishments of a full day at the Show. With dozens of receptions and functions starting immediately after the Show floor closed, attendees were treated to rich and varied social networking opportunities every night, without setting foot outside the Las Vegas Convention Center.

 

Thu, 01/03/2013 - 14:05

As the new year begins, new and returning members of Congress convene in Washington, D.C., to begin the 113th Congress. After a tumultuous end to the fiscal-cliff negotiations, newly sworn-in officials will have several issues to consider immediately, including the nation’s debt ceiling, tax reform and spending cuts.

Among the 535 officials being sworn in are several supported by the SEMA Political Action Committee (SEMA PAC). SEMA PAC provides member-generated resources for pro-industry, pro-business candidates. These legislators have demonstrated their support for the specialty-equipment industry and understand the positive impact SEMA-member companies have on the American economy. Throughout the coming two-year congressional session, SEMA will partner with these lawmakers to promote its legislative priorities. SEMA PAC continues to be a vital tool for building strong relationships on Capitol Hill.

SEMA PAC relies on the participation of all SEMA members. Leaders among contributors are the SEMA PAC President’s Club, each of whom supports the association’s legislative efforts with $1,000 annual contributions. SEMA thanks the members of the President’s Club, listed below, for their commitment to the association’s legislative agenda. These SEMA members have taken the lead in protecting our industry, our voice and our future in Washington with their generous support.

SEMA PAC President's Club
  Company Name
Greg Adler   Transamerican Auto Parts
Matt Agosta
  Steele Rubber Products
Joel Ayres   Bedslide/Takit Inc.
Al Azadi   OMIX-ADA Inc.
Jim Bingham   Winner's Circle Speed and Custom
Matthew Boice   Source Interlink Media
Mike Bolio   Repforce
Dave Bowman   Bowman Television Productions
Tom Brooks   Truckin’ Thunder
Scooter Brothers   COMP Performance Group
Luanne Brown   eTool Developers
Corky Coker   Coker Tire Co.
Ron Coleman   COMP Performance Group
Jim Cozzie
   
Russ Deane   Trainum, Snowdon & Deane
Donnie Eatherly   P&E Distributors Inc.
Mike Essex   Source Interlink Media
Doug Evans   Source Interlink Media
Amy Faulk   Hypertech Inc.
Rob Fisher   Source Interlink Media
Jim Foos   Source Interlink Media
Tim Foss   Source Interlink Media
Tom Furukawa   Source Interlink Media
John Hotchkis   Hotchkis Performance LLC
Chris Kersting   SEMA
Michael Kunzman   Michael Kunzman & Associates
Debbie Lail   Steele Rubber Products
Tim Martin   K&N Engineering
Bill Miller   SEMA
Alise Miner   SEMA
Bob Moore   J&B Service
Adrian Murray   Painless Performance Products
Tony Napoli   American Speed Center
Dennis Overholser   Painless Performance Products
Brian Reese   COMP Performance Group
Angela Schoof   Source Interlink Media
Chuck Schwartz   ConvExx
Randy Shannon   Source Interlink Media
Nate Shelton   B&M Performance Group
Ernie Silvers   Egge Machine Co.
Russell Stephens   MSD Performance
Chris Thomson   AIRAID Premium Filter Co.
Paul Van Woensel   Engine & Performance Warehouse
Jonathan Ward   Icon 4x4
Tim Watts   Superlift Suspension Systems
Brit White   Source Interlink Media
Steve Wolcott   ProMedia LLC
Van Woodell   Weathers Auto Supply
Dave Wrobleski   Jim Wrobleski & Co.

For more information on SEMA PAC and to get involved, please contact Dan Sadowski at dans@sema.org.

Thu, 01/03/2013 - 14:05

As the new year begins, new and returning members of Congress convene in Washington, D.C., to begin the 113th Congress. After a tumultuous end to the fiscal-cliff negotiations, newly sworn-in officials will have several issues to consider immediately, including the nation’s debt ceiling, tax reform and spending cuts.

Among the 535 officials being sworn in are several supported by the SEMA Political Action Committee (SEMA PAC). SEMA PAC provides member-generated resources for pro-industry, pro-business candidates. These legislators have demonstrated their support for the specialty-equipment industry and understand the positive impact SEMA-member companies have on the American economy. Throughout the coming two-year congressional session, SEMA will partner with these lawmakers to promote its legislative priorities. SEMA PAC continues to be a vital tool for building strong relationships on Capitol Hill.

SEMA PAC relies on the participation of all SEMA members. Leaders among contributors are the SEMA PAC President’s Club, each of whom supports the association’s legislative efforts with $1,000 annual contributions. SEMA thanks the members of the President’s Club, listed below, for their commitment to the association’s legislative agenda. These SEMA members have taken the lead in protecting our industry, our voice and our future in Washington with their generous support.

SEMA PAC President's Club
  Company Name
Greg Adler   Transamerican Auto Parts
Matt Agosta
  Steele Rubber Products
Joel Ayres   Bedslide/Takit Inc.
Al Azadi   OMIX-ADA Inc.
Jim Bingham   Winner's Circle Speed and Custom
Matthew Boice   Source Interlink Media
Mike Bolio   Repforce
Dave Bowman   Bowman Television Productions
Tom Brooks   Truckin’ Thunder
Scooter Brothers   COMP Performance Group
Luanne Brown   eTool Developers
Corky Coker   Coker Tire Co.
Ron Coleman   COMP Performance Group
Jim Cozzie
   
Russ Deane   Trainum, Snowdon & Deane
Donnie Eatherly   P&E Distributors Inc.
Mike Essex   Source Interlink Media
Doug Evans   Source Interlink Media
Amy Faulk   Hypertech Inc.
Rob Fisher   Source Interlink Media
Jim Foos   Source Interlink Media
Tim Foss   Source Interlink Media
Tom Furukawa   Source Interlink Media
John Hotchkis   Hotchkis Performance LLC
Chris Kersting   SEMA
Michael Kunzman   Michael Kunzman & Associates
Debbie Lail   Steele Rubber Products
Tim Martin   K&N Engineering
Bill Miller   SEMA
Alise Miner   SEMA
Bob Moore   J&B Service
Adrian Murray   Painless Performance Products
Tony Napoli   American Speed Center
Dennis Overholser   Painless Performance Products
Brian Reese   COMP Performance Group
Angela Schoof   Source Interlink Media
Chuck Schwartz   ConvExx
Randy Shannon   Source Interlink Media
Nate Shelton   B&M Performance Group
Ernie Silvers   Egge Machine Co.
Russell Stephens   MSD Performance
Chris Thomson   AIRAID Premium Filter Co.
Paul Van Woensel   Engine & Performance Warehouse
Jonathan Ward   Icon 4x4
Tim Watts   Superlift Suspension Systems
Brit White   Source Interlink Media
Steve Wolcott   ProMedia LLC
Van Woodell   Weathers Auto Supply
Dave Wrobleski   Jim Wrobleski & Co.

For more information on SEMA PAC and to get involved, please contact Dan Sadowski at dans@sema.org.

Thu, 01/03/2013 - 14:02
After weeks of negotiations, Congress passed legislation to avoid a series of expiring tax credits and government spending cuts known as the “fiscal cliff.” The “American Taxpayer Relief Act” prevented automatic tax increases and included several provisions of interest to small-business owners. Many of the provisions included in the compromise are permanent, providing certainty for job creators and SEMA-member companies. However, the law includes a 2% increase in the social security payroll tax for employees (4.2% to 6.2%), eliminating an existing tax break for workers. In addition, Congress delayed action on a number of substantial budget cuts that would have had an immediate impact on several government programs, including defense appropriations.

To follow is a summary of key provisions of the law signed by President Obama on January 1:
  • The end of 2011 and 2012 temporary payroll tax cuts, resulting in a 2% tax increase for workers.
  • Makes permanent tax rates for individuals making $400,000 or less per year. 
  • Increases tax rate for individuals making $400,000 or more (married couples making $450,000 or more) from 35% to 39.5%.
  • Capital gains taxes remain at 15% for income below $400,000 ($450,000 for married couples). The maximum rate for individuals with income over the limit is 20%.
  • Dividend tax rates will remain the same, taxed at the long-term capital gains rate (15%) for taxpayers below the $400,000/$450,000 level. Those above will be taxed at 20%.
  • Makes permanent a 40% estate tax rate with a $5 million exemption level (increase from 35%, exemption level remains the same)
  • Returns Section 179 expensing deductions to $500,000 for equipment purchased in 2012 and 2013. This is a retroactive increase for 2012 as the deduction amount was $139,000. 
  • 50% bonus depreciation extended through 2013.
  • Two-year retroactive extension of the Research and Development (R&D) Tax Credit, which expired on December 31, 2011. (January 1, 2012–December 31, 2013)
Although this compromise prevented serious negative economic consequences, SEMA will continue to advocate for meaningful tax reform designed to spur economic growth, including a permanent R&D tax credit. For more information, contact Dan Sadowski at dans@sema.org.
Thu, 01/03/2013 - 14:02
After weeks of negotiations, Congress passed legislation to avoid a series of expiring tax credits and government spending cuts known as the “fiscal cliff.” The “American Taxpayer Relief Act” prevented automatic tax increases and included several provisions of interest to small-business owners. Many of the provisions included in the compromise are permanent, providing certainty for job creators and SEMA-member companies. However, the law includes a 2% increase in the social security payroll tax for employees (4.2% to 6.2%), eliminating an existing tax break for workers. In addition, Congress delayed action on a number of substantial budget cuts that would have had an immediate impact on several government programs, including defense appropriations.

To follow is a summary of key provisions of the law signed by President Obama on January 1:
  • The end of 2011 and 2012 temporary payroll tax cuts, resulting in a 2% tax increase for workers.
  • Makes permanent tax rates for individuals making $400,000 or less per year. 
  • Increases tax rate for individuals making $400,000 or more (married couples making $450,000 or more) from 35% to 39.5%.
  • Capital gains taxes remain at 15% for income below $400,000 ($450,000 for married couples). The maximum rate for individuals with income over the limit is 20%.
  • Dividend tax rates will remain the same, taxed at the long-term capital gains rate (15%) for taxpayers below the $400,000/$450,000 level. Those above will be taxed at 20%.
  • Makes permanent a 40% estate tax rate with a $5 million exemption level (increase from 35%, exemption level remains the same)
  • Returns Section 179 expensing deductions to $500,000 for equipment purchased in 2012 and 2013. This is a retroactive increase for 2012 as the deduction amount was $139,000. 
  • 50% bonus depreciation extended through 2013.
  • Two-year retroactive extension of the Research and Development (R&D) Tax Credit, which expired on December 31, 2011. (January 1, 2012–December 31, 2013)
Although this compromise prevented serious negative economic consequences, SEMA will continue to advocate for meaningful tax reform designed to spur economic growth, including a permanent R&D tax credit. For more information, contact Dan Sadowski at dans@sema.org.
Thu, 01/03/2013 - 13:59

As state legislators and governors return to their respective capitols this year, many will find themselves among political allies as each state progressively inches further from the center. In other words, the red states are getting redder and the blue progressively bluer. The 2010 census prompted re-drawing of legislative district boundaries within each state under the direction of whichever party controlled the state’s government during the period from 2010 to 2011. States that had increased their urban population since the 2000 census tended to gain new districts favorable to democratic representatives, despite instances of urban districts being broken up. In other states dominated by conservative leadership, republicans were able to maintain control and benefit from the redistricting process. From Kansas to Texas, and from Florida up to Tennessee, republican supermajorities have taken hold. As the Deep South grows more conservative, the West Coast has filled its state houses with democratic leaders, with California’s State Legislature including twice as many democrats as republicans in both its House and Senate.

Ultimately, the 2012 elections in the states reflect the divisive nature of politics in the country and the increasing gulf between the ideology of the right and the left. Each party may find increases to their numbers benefit attempts to get measures through. While state budgets are seeing some relief from an uptick in revenue as the recession eases, the implementation of the new healthcare law will require new and complex systems to be put into place, such as state insurance exchanges and an expanded Medicaid for citizens unable to afford private insurance. The unbalanced composition of these state’s representatives will be important to keep in mind when watching each state’s policies unfold over the coming months.

For more information, contact Steve McDonald at stevem@sema.org.

Thu, 01/03/2013 - 13:59

As state legislators and governors return to their respective capitols this year, many will find themselves among political allies as each state progressively inches further from the center. In other words, the red states are getting redder and the blue progressively bluer. The 2010 census prompted re-drawing of legislative district boundaries within each state under the direction of whichever party controlled the state’s government during the period from 2010 to 2011. States that had increased their urban population since the 2000 census tended to gain new districts favorable to democratic representatives, despite instances of urban districts being broken up. In other states dominated by conservative leadership, republicans were able to maintain control and benefit from the redistricting process. From Kansas to Texas, and from Florida up to Tennessee, republican supermajorities have taken hold. As the Deep South grows more conservative, the West Coast has filled its state houses with democratic leaders, with California’s State Legislature including twice as many democrats as republicans in both its House and Senate.

Ultimately, the 2012 elections in the states reflect the divisive nature of politics in the country and the increasing gulf between the ideology of the right and the left. Each party may find increases to their numbers benefit attempts to get measures through. While state budgets are seeing some relief from an uptick in revenue as the recession eases, the implementation of the new healthcare law will require new and complex systems to be put into place, such as state insurance exchanges and an expanded Medicaid for citizens unable to afford private insurance. The unbalanced composition of these state’s representatives will be important to keep in mind when watching each state’s policies unfold over the coming months.

For more information, contact Steve McDonald at stevem@sema.org.

Thu, 01/03/2013 - 10:19
Are you hunting for a new job? The “Positions Available” section in the SEMA Member Classifieds lists more than 50 job openings around the country. Here are some of the latest classifieds posted to the website.
  • AAM Competition LLC is looking for a proven go-getter to serve as general manager - operations to lead the daily operations of the company. AAM Competition manufacturers high-performance parts and offers performance products and services for the Nissan 350Z, Nissan 370Z and Nissan GT-R. The full-time position includes overseeing the production, sales and service departments, which includes all aspects of employee management, work flow and the daily duties that go along with an effective general management position. Visit the company's website at www.aamcompetition.com.
  • Performance Automotive Group is seeking an inside sales representative to provide service to existing customers and work with a team to secure new accounts; generate new and repeat sales by providing product and technical information in a timely manner; process quotations, customer order entry and order expediting; and proactively recommend items needed by customers to increase customer satisfaction and improve transaction profitability.
  • A company in Winnipeg, Manitoba, Canada, is looking for an outside sales representative to work closely with inside sales and regional manager to increase territory growth through existing and new customers, with a major emphasis on new-business development (new accounts, prospecting, developing accounts with upside potential). The ideal candidate will possess knowledge of the Saskatchewan and Manitoba regions, have the ability to assist customers with store layout and merchandise displays and be able to work weekends at trade shows and events with minimal supervision. Extensive travel is a must, and the candidate must be comfortable working away from home four nights weekly in both major cities and rural areas.
View more listings from SEMA's Automotive Classifieds listings.
Thu, 01/03/2013 - 10:19
Are you hunting for a new job? The “Positions Available” section in the SEMA Member Classifieds lists more than 50 job openings around the country. Here are some of the latest classifieds posted to the website.
  • AAM Competition LLC is looking for a proven go-getter to serve as general manager - operations to lead the daily operations of the company. AAM Competition manufacturers high-performance parts and offers performance products and services for the Nissan 350Z, Nissan 370Z and Nissan GT-R. The full-time position includes overseeing the production, sales and service departments, which includes all aspects of employee management, work flow and the daily duties that go along with an effective general management position. Visit the company's website at www.aamcompetition.com.
  • Performance Automotive Group is seeking an inside sales representative to provide service to existing customers and work with a team to secure new accounts; generate new and repeat sales by providing product and technical information in a timely manner; process quotations, customer order entry and order expediting; and proactively recommend items needed by customers to increase customer satisfaction and improve transaction profitability.
  • A company in Winnipeg, Manitoba, Canada, is looking for an outside sales representative to work closely with inside sales and regional manager to increase territory growth through existing and new customers, with a major emphasis on new-business development (new accounts, prospecting, developing accounts with upside potential). The ideal candidate will possess knowledge of the Saskatchewan and Manitoba regions, have the ability to assist customers with store layout and merchandise displays and be able to work weekends at trade shows and events with minimal supervision. Extensive travel is a must, and the candidate must be comfortable working away from home four nights weekly in both major cities and rural areas.
View more listings from SEMA's Automotive Classifieds listings.