The United States Senate included a provision to allow businesses to write-off 50% of the cost of newly purchased depreciable property as part of a larger bill (HR 5297) to provide banks with access to funds intended for small-business loans. The SEMA-supported legislation has already been passed by the House and is now being debated by the U.S. Senate.

The legislation would create a $30 billion dollar fund available to smaller financial institutions. Interest rates charged to use the monies would be lowered if the banks loaned the monies to small businesses. The Senate bill would also extend the bonus depreciation through 2010. In 2008 and 2009, all businesses were permitted to immediately write off 50% of the cost of new equipment (“bonus depreciation”). The depreciation expired at the end of 2009.

SEMA contends the depreciation write-off encourages companies to invest in newer, more efficient equipment and spurs sales and creates jobs.

For more information, contact Dan Sadowski at dans@sema.org.

The United States Senate included a provision to allow businesses to write-off 50% of the cost of newly purchased depreciable property as part of a larger bill (HR 5297) to provide banks with access to funds intended for small-business loans. The SEMA-supported legislation has already been passed by the House and is now being debated by the U.S. Senate.

The legislation would create a $30 billion dollar fund available to smaller financial institutions. Interest rates charged to use the monies would be lowered if the banks loaned the monies to small businesses. The Senate bill would also extend the bonus depreciation through 2010. In 2008 and 2009, all businesses were permitted to immediately write off 50% of the cost of new equipment (“bonus depreciation”). The depreciation expired at the end of 2009.

SEMA contends the depreciation write-off encourages companies to invest in newer, more efficient equipment and spurs sales and creates jobs.

For more information, contact Dan Sadowski at dans@sema.org.

The United States Senate included a provision to allow businesses to write-off 50% of the cost of newly purchased depreciable property as part of a larger bill (HR 5297) to provide banks with access to funds intended for small-business loans. The SEMA-supported legislation has already been passed by the House and is now being debated by the U.S. Senate.

The legislation would create a $30 billion dollar fund available to smaller financial institutions. Interest rates charged to use the monies would be lowered if the banks loaned the monies to small businesses. The Senate bill would also extend the bonus depreciation through 2010. In 2008 and 2009, all businesses were permitted to immediately write off 50% of the cost of new equipment (“bonus depreciation”). The depreciation expired at the end of 2009.

SEMA contends the depreciation write-off encourages companies to invest in newer, more efficient equipment and spurs sales and creates jobs.

For more information, contact Dan Sadowski at dans@sema.org.

The United States Senate included a provision to allow businesses to write-off 50% of the cost of newly purchased depreciable property as part of a larger bill (HR 5297) to provide banks with access to funds intended for small-business loans. The SEMA-supported legislation has already been passed by the House and is now being debated by the U.S. Senate.

The legislation would create a $30 billion dollar fund available to smaller financial institutions. Interest rates charged to use the monies would be lowered if the banks loaned the monies to small businesses. The Senate bill would also extend the bonus depreciation through 2010. In 2008 and 2009, all businesses were permitted to immediately write off 50% of the cost of new equipment (“bonus depreciation”). The depreciation expired at the end of 2009.

SEMA contends the depreciation write-off encourages companies to invest in newer, more efficient equipment and spurs sales and creates jobs.

For more information, contact Dan Sadowski at dans@sema.org.

The California Air Resources Board has issued a proposed rule that would require all automobile service providers to check tire pressures for every vehicle being maintained or repaired at their facility as of September 1, 2010.  The regulation would apply to auto maintenance/repair providers but not to auto parts distributers/retailers, auto body/paint facilities, auto glass installers or wreckers/dismantlers.  The deadline for commenting on the rule is July 6, 2010.  
 
The rule is intended to reduce greenhouse gas emissions associated with under-inflated tires.  Service providers would be required to check and inflate the tires to the recommended tire pressure rating. The provider would have to note on the invoice that the tire inflation service was completed and then keep a copy of the service invoice for at least three years. The rule would apply to all vehicles weighing less than 10,000 pounds.

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

The California Air Resources Board has issued a proposed rule that would require all automobile service providers to check tire pressures for every vehicle being maintained or repaired at their facility as of September 1, 2010.  The regulation would apply to auto maintenance/repair providers but not to auto parts distributers/retailers, auto body/paint facilities, auto glass installers or wreckers/dismantlers.  The deadline for commenting on the rule is July 6, 2010.  
 
The rule is intended to reduce greenhouse gas emissions associated with under-inflated tires.  Service providers would be required to check and inflate the tires to the recommended tire pressure rating. The provider would have to note on the invoice that the tire inflation service was completed and then keep a copy of the service invoice for at least three years. The rule would apply to all vehicles weighing less than 10,000 pounds.

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

The California Air Resources Board has issued a proposed rule that would require all automobile service providers to check tire pressures for every vehicle being maintained or repaired at their facility as of September 1, 2010.  The regulation would apply to auto maintenance/repair providers but not to auto parts distributers/retailers, auto body/paint facilities, auto glass installers or wreckers/dismantlers.  The deadline for commenting on the rule is July 6, 2010.  
 
The rule is intended to reduce greenhouse gas emissions associated with under-inflated tires.  Service providers would be required to check and inflate the tires to the recommended tire pressure rating. The provider would have to note on the invoice that the tire inflation service was completed and then keep a copy of the service invoice for at least three years. The rule would apply to all vehicles weighing less than 10,000 pounds.

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

The California Air Resources Board has issued a proposed rule that would require all automobile service providers to check tire pressures for every vehicle being maintained or repaired at their facility as of September 1, 2010.  The regulation would apply to auto maintenance/repair providers but not to auto parts distributers/retailers, auto body/paint facilities, auto glass installers or wreckers/dismantlers.  The deadline for commenting on the rule is July 6, 2010.  
 
The rule is intended to reduce greenhouse gas emissions associated with under-inflated tires.  Service providers would be required to check and inflate the tires to the recommended tire pressure rating. The provider would have to note on the invoice that the tire inflation service was completed and then keep a copy of the service invoice for at least three years. The rule would apply to all vehicles weighing less than 10,000 pounds.

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

The California Air Resources Board has issued a proposed rule that would require all automobile service providers to check tire pressures for every vehicle being maintained or repaired at their facility as of September 1, 2010.  The regulation would apply to auto maintenance/repair providers but not to auto parts distributers/retailers, auto body/paint facilities, auto glass installers or wreckers/dismantlers.  The deadline for commenting on the rule is July 6, 2010.  
 
The rule is intended to reduce greenhouse gas emissions associated with under-inflated tires.  Service providers would be required to check and inflate the tires to the recommended tire pressure rating. The provider would have to note on the invoice that the tire inflation service was completed and then keep a copy of the service invoice for at least three years. The rule would apply to all vehicles weighing less than 10,000 pounds.

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

The California Air Resources Board has issued a proposed rule that would require all automobile service providers to check tire pressures for every vehicle being maintained or repaired at their facility as of September 1, 2010.  The regulation would apply to auto maintenance/repair providers but not to auto parts distributers/retailers, auto body/paint facilities, auto glass installers or wreckers/dismantlers.  The deadline for commenting on the rule is July 6, 2010.  
 
The rule is intended to reduce greenhouse gas emissions associated with under-inflated tires.  Service providers would be required to check and inflate the tires to the recommended tire pressure rating. The provider would have to note on the invoice that the tire inflation service was completed and then keep a copy of the service invoice for at least three years. The rule would apply to all vehicles weighing less than 10,000 pounds.

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