MERGER? The Indy Racing League and Champ Car World Series are continuing to discuss a merger, which when complete would see the two open-wheel series, which have been separate since 1996, united together under the Indy Racing League banner. There remain several hurdles to clear, but the negotiations have been encouraging to this point. Among the many contingencies involved would be the IRL adding several of the Champ Car events to its schedule.
Through an expansion of its existing relationship with Chrysler and Mopar, Katzkin Leather Inc. announced that its interiors are now available as an official Chrysler accessory. According to Katzkin, the interiors are ordered through Mopar’s existing parts-order system, backed with Chrysler’s warranty and available for all Chrysler, Dodge and Jeep vehicles—including those equipped with advanced airbag technology.
The Department of Labor (DOL) has proposed changes to regulations governing the Family Medical Leave Act (FMLA) to address gray areas in the law. One such issue has been the need to have more concise rules on managing unscheduled intermittent leave. Under the current and proposed rule, employers would define the smallest amount of time that can be tracked using the company’s timekeeping system.
The economic stimulus measure passed by Congress and to be signed into law by President Bush includes several important business tax breaks. The new law includes both a temporary increase in the first-year direct-expensing allowance and a bonus depreciation deduction of 50% for 2008. The direct expensing allowance increases to $250,000 from the current level of $128,000. The new law also provides an increase in the phase-out cap based on total equipment purchases in a year, rising to $800,000 from the current $510,000.
Here is an example on how the tax breaks work:
Legislation has been introduced in the Hawaii House of Representatives to establish a progressive fee for state motor vehicles based on engine size. These fees would be collected by the state at the time of initial vehicle registration and at subsequent renewals of registration.
These fees would be in addition to fees and taxes normally required for registration or renewal. The measure would tax vehicle owners with an engine size greater than 200 cu. cm., and the fee would increase depending on engine displacement.
Legislation has been introduced in the New York State Assembly to establish a progressive purchase surcharge for some new motor vehicles based on state calculations of carbon emissions. Depending on the vehicle purchased, this surcharge could require owners to pay up to $2,500 more for the vehicle.
In an attempt to reduce motor-vehicle emissions, legislation has been introduced in the Washington State Senate to establish two separate progressive fees for state motor vehicles based on (1) engine size and (2) calculations of carbon emissions. These fees would be collected by the state at the time of initial vehicle registration and at subsequent renewals of registration.
Filler for eNews
Filler for eNews