By SEMA Washington, D.C., Staff

The Internal Revenue Service (IRS) has issued a proposed rule to clarify that research and development (R&D) expenditures would be deductible regardless of whether the resulting product is sold or used in the taxpayer’s trade or business. The rule would eliminate confusion on whether expenditures are no longer deductible as IRS Code Section 174 R&D expenses after the uncertainty relating to the product’s development or improvement has been eliminated. The rule would also define the term “pilot model” as any representation, model or product that is produced to evaluate and resolve uncertainty during product development. 

On a related note, SEMA is encouraging Congress to reauthorize the R&D tax credit, which expires at the end of 2013. SEMA has recommended that it be made permanent so that companies can make long-term spending commitments for research and product development. 

For more information, contact Stuart Gosswein at stuartg@sema.org.

By SEMA Washington, D.C., Staff

The Internal Revenue Service (IRS) has issued a proposed rule to clarify that research and development (R&D) expenditures would be deductible regardless of whether the resulting product is sold or used in the taxpayer’s trade or business. The rule would eliminate confusion on whether expenditures are no longer deductible as IRS Code Section 174 R&D expenses after the uncertainty relating to the product’s development or improvement has been eliminated. The rule would also define the term “pilot model” as any representation, model or product that is produced to evaluate and resolve uncertainty during product development. 

On a related note, SEMA is encouraging Congress to reauthorize the R&D tax credit, which expires at the end of 2013. SEMA has recommended that it be made permanent so that companies can make long-term spending commitments for research and product development. 

For more information, contact Stuart Gosswein at stuartg@sema.org.

By SEMA Washington, D.C., Staff

The Internal Revenue Service (IRS) has issued a proposed rule to clarify that research and development (R&D) expenditures would be deductible regardless of whether the resulting product is sold or used in the taxpayer’s trade or business. The rule would eliminate confusion on whether expenditures are no longer deductible as IRS Code Section 174 R&D expenses after the uncertainty relating to the product’s development or improvement has been eliminated. The rule would also define the term “pilot model” as any representation, model or product that is produced to evaluate and resolve uncertainty during product development. 

On a related note, SEMA is encouraging Congress to reauthorize the R&D tax credit, which expires at the end of 2013. SEMA has recommended that it be made permanent so that companies can make long-term spending commitments for research and product development. 

For more information, contact Stuart Gosswein at stuartg@sema.org.

By SEMA Washington, D.C., Staff

Legislation has been introduced in the Michigan Senate to exempt historic military vehicles from the requirement that they display a license plate unless the vehicle was originally manufactured with lighting and mounting provisions for a plate. Under the bill, if the plate is not attached to the exterior of the historic military vehicle, it must be present in the vehicle and available upon demand by law-enforcement officers. 

In Michigan, "historic military vehicle" means a vehicle, including a trailer, regardless of the vehicle's size, weight or year of manufacture, that was manufactured for use in any country's military forces and is maintained to represent its military design and markings accurately. 

For more information, visit the SEMA Action Network's (SAN) web site. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

Legislation has been introduced in the Michigan Senate to exempt historic military vehicles from the requirement that they display a license plate unless the vehicle was originally manufactured with lighting and mounting provisions for a plate. Under the bill, if the plate is not attached to the exterior of the historic military vehicle, it must be present in the vehicle and available upon demand by law-enforcement officers. 

In Michigan, "historic military vehicle" means a vehicle, including a trailer, regardless of the vehicle's size, weight or year of manufacture, that was manufactured for use in any country's military forces and is maintained to represent its military design and markings accurately. 

For more information, visit the SEMA Action Network's (SAN) web site. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

Legislation has been introduced in the Michigan Senate to exempt historic military vehicles from the requirement that they display a license plate unless the vehicle was originally manufactured with lighting and mounting provisions for a plate. Under the bill, if the plate is not attached to the exterior of the historic military vehicle, it must be present in the vehicle and available upon demand by law-enforcement officers. 

In Michigan, "historic military vehicle" means a vehicle, including a trailer, regardless of the vehicle's size, weight or year of manufacture, that was manufactured for use in any country's military forces and is maintained to represent its military design and markings accurately. 

For more information, visit the SEMA Action Network's (SAN) web site. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

Legislation has been introduced in the Michigan Senate to exempt historic military vehicles from the requirement that they display a license plate unless the vehicle was originally manufactured with lighting and mounting provisions for a plate. Under the bill, if the plate is not attached to the exterior of the historic military vehicle, it must be present in the vehicle and available upon demand by law-enforcement officers. 

In Michigan, "historic military vehicle" means a vehicle, including a trailer, regardless of the vehicle's size, weight or year of manufacture, that was manufactured for use in any country's military forces and is maintained to represent its military design and markings accurately. 

For more information, visit the SEMA Action Network's (SAN) web site. For details, contact Steve McDonald at stevem@sema.org.

Red Kap is offering customized apparel solutions to all registered exhibitors, including al 15% savings on orders placed by September 30, 2013.

As an official partner of the 2013 SEMA Show, Red Kap is offering customized apparel solutions to all registered exhibitors. The automotive apparel manufacturer has teamed up with online retailer, Automotive Workwear, to offer a convenient online solution for exhibitor’s in-booth apparel needs.

A variety of styles, ranging from Red Kap’s most popular automotive work shirts to executive dress shirts, and polos to jackets, are available. Plus, exhibitors can add embroidered company logos and employee names on their orders—all from Automotive Workwear’s website. As an added value, Automotive Workwear is offering an additional 15% off all orders placed by September 30, 2013. Use promo code “SEMAEX” at checkout to receive the exclusive exhibitor discount.

For 2013 SEMA Show attendees, Red Kap apparel will also be available at one of the six Official SEMA Stores located throughout the Las Vegas Convention Center.

Chris Holcombe, vice president and general manager of Red Kap, described the motivation behind partnering with SEMA for the 2013 SEMA Show.

"We're thrilled to outfit the go-to association for the specialty automotive industry and think the SEMA Show is a great place for our brand to connect with car guys that embody our 'Done Right' philosophy. We've seen continued success at every show, and we're positive this creative partnership will only further that success," said Holcombe.

Visit www.AutomotiveWorkwear.com/SEMA to browse all available products and place your order today. If you would like help with your order or have additional questions, call 800-589-1084 and talk with a customer service representative at Automotive Workwear. 



Adding embroidery to a product will add 10–14 business days to delivery date. 
The exclusive exhibitor promo code can only be used toward products listed on the Official SEMA Gear for Exhibitors webpage.

Red Kap is offering customized apparel solutions to all registered exhibitors, including al 15% savings on orders placed by September 30, 2013.

As an official partner of the 2013 SEMA Show, Red Kap is offering customized apparel solutions to all registered exhibitors. The automotive apparel manufacturer has teamed up with online retailer, Automotive Workwear, to offer a convenient online solution for exhibitor’s in-booth apparel needs.

A variety of styles, ranging from Red Kap’s most popular automotive work shirts to executive dress shirts, and polos to jackets, are available. Plus, exhibitors can add embroidered company logos and employee names on their orders—all from Automotive Workwear’s website. As an added value, Automotive Workwear is offering an additional 15% off all orders placed by September 30, 2013. Use promo code “SEMAEX” at checkout to receive the exclusive exhibitor discount.

For 2013 SEMA Show attendees, Red Kap apparel will also be available at one of the six Official SEMA Stores located throughout the Las Vegas Convention Center.

Chris Holcombe, vice president and general manager of Red Kap, described the motivation behind partnering with SEMA for the 2013 SEMA Show.

"We're thrilled to outfit the go-to association for the specialty automotive industry and think the SEMA Show is a great place for our brand to connect with car guys that embody our 'Done Right' philosophy. We've seen continued success at every show, and we're positive this creative partnership will only further that success," said Holcombe.

Visit www.AutomotiveWorkwear.com/SEMA to browse all available products and place your order today. If you would like help with your order or have additional questions, call 800-589-1084 and talk with a customer service representative at Automotive Workwear. 



Adding embroidery to a product will add 10–14 business days to delivery date. 
The exclusive exhibitor promo code can only be used toward products listed on the Official SEMA Gear for Exhibitors webpage.

Red Kap is offering customized apparel solutions to all registered exhibitors, including al 15% savings on orders placed by September 30, 2013.

As an official partner of the 2013 SEMA Show, Red Kap is offering customized apparel solutions to all registered exhibitors. The automotive apparel manufacturer has teamed up with online retailer, Automotive Workwear, to offer a convenient online solution for exhibitor’s in-booth apparel needs.

A variety of styles, ranging from Red Kap’s most popular automotive work shirts to executive dress shirts, and polos to jackets, are available. Plus, exhibitors can add embroidered company logos and employee names on their orders—all from Automotive Workwear’s website. As an added value, Automotive Workwear is offering an additional 15% off all orders placed by September 30, 2013. Use promo code “SEMAEX” at checkout to receive the exclusive exhibitor discount.

For 2013 SEMA Show attendees, Red Kap apparel will also be available at one of the six Official SEMA Stores located throughout the Las Vegas Convention Center.

Chris Holcombe, vice president and general manager of Red Kap, described the motivation behind partnering with SEMA for the 2013 SEMA Show.

"We're thrilled to outfit the go-to association for the specialty automotive industry and think the SEMA Show is a great place for our brand to connect with car guys that embody our 'Done Right' philosophy. We've seen continued success at every show, and we're positive this creative partnership will only further that success," said Holcombe.

Visit www.AutomotiveWorkwear.com/SEMA to browse all available products and place your order today. If you would like help with your order or have additional questions, call 800-589-1084 and talk with a customer service representative at Automotive Workwear. 



Adding embroidery to a product will add 10–14 business days to delivery date. 
The exclusive exhibitor promo code can only be used toward products listed on the Official SEMA Gear for Exhibitors webpage.