By SEMA Washington, D.C., Staff

SEMA-supported legislation directing the National Academy of Sciences (NAS) to conduct a study on requirements for recreational off-highway vehicles (ROVs) proposed by the Consumer Product Safety Commission (CPSC) was passed by the U.S. Senate Commerce, Science, and Transportation Committee and awaits a vote before the full Senate. A U.S. House subcommittee also reviewed the bill and is expected to pass it in the coming weeks. ROVs generally accommodate a side-by-side driver/passenger in a compartment equipped with roll bars and can attain speeds greater than 30 mph.

The legislation would postpone further action on the CPSC’s proposed rule pending the study. SEMA submitted a letter in support of the legislation and has joined with other companies and organizations to support an alternative industry ROV standard that would not stifle future design innovations and potentially limit use. The industry standard recognizes that there are a wide variety of uses and terrains for which ROVs are constructed, from utility to recreation. 

For more information, visit the SEMA Action Network website. For details, contact Eric Snyder at erics@sema.org.

By SEMA Washington, D.C., Staff

SEMA-supported legislation directing the National Academy of Sciences (NAS) to conduct a study on requirements for recreational off-highway vehicles (ROVs) proposed by the Consumer Product Safety Commission (CPSC) was passed by the U.S. Senate Commerce, Science, and Transportation Committee and awaits a vote before the full Senate. A U.S. House subcommittee also reviewed the bill and is expected to pass it in the coming weeks. ROVs generally accommodate a side-by-side driver/passenger in a compartment equipped with roll bars and can attain speeds greater than 30 mph.

The legislation would postpone further action on the CPSC’s proposed rule pending the study. SEMA submitted a letter in support of the legislation and has joined with other companies and organizations to support an alternative industry ROV standard that would not stifle future design innovations and potentially limit use. The industry standard recognizes that there are a wide variety of uses and terrains for which ROVs are constructed, from utility to recreation. 

For more information, visit the SEMA Action Network website. For details, contact Eric Snyder at erics@sema.org.

By SEMA Washington, D.C., Staff

SEMA-supported legislation directing the National Academy of Sciences (NAS) to conduct a study on requirements for recreational off-highway vehicles (ROVs) proposed by the Consumer Product Safety Commission (CPSC) was passed by the U.S. Senate Commerce, Science, and Transportation Committee and awaits a vote before the full Senate. A U.S. House subcommittee also reviewed the bill and is expected to pass it in the coming weeks. ROVs generally accommodate a side-by-side driver/passenger in a compartment equipped with roll bars and can attain speeds greater than 30 mph.

The legislation would postpone further action on the CPSC’s proposed rule pending the study. SEMA submitted a letter in support of the legislation and has joined with other companies and organizations to support an alternative industry ROV standard that would not stifle future design innovations and potentially limit use. The industry standard recognizes that there are a wide variety of uses and terrains for which ROVs are constructed, from utility to recreation. 

For more information, visit the SEMA Action Network website. For details, contact Eric Snyder at erics@sema.org.

By SEMA Washington, D.C., Staff

SEMA-supported legislation directing the National Academy of Sciences (NAS) to conduct a study on requirements for recreational off-highway vehicles (ROVs) proposed by the Consumer Product Safety Commission (CPSC) was passed by the U.S. Senate Commerce, Science, and Transportation Committee and awaits a vote before the full Senate. A U.S. House subcommittee also reviewed the bill and is expected to pass it in the coming weeks. ROVs generally accommodate a side-by-side driver/passenger in a compartment equipped with roll bars and can attain speeds greater than 30 mph.

The legislation would postpone further action on the CPSC’s proposed rule pending the study. SEMA submitted a letter in support of the legislation and has joined with other companies and organizations to support an alternative industry ROV standard that would not stifle future design innovations and potentially limit use. The industry standard recognizes that there are a wide variety of uses and terrains for which ROVs are constructed, from utility to recreation. 

For more information, visit the SEMA Action Network website. For details, contact Eric Snyder at erics@sema.org.

By SEMA Washington, D.C., Staff

The U.S. House of Representatives passed SEMA-supported legislation to renew the research and development (R&D) tax credit, which expired at the end of 2014. The “American Research and Competitiveness Act of 2015” (HR 880) increases the alternative simplified credit from 14% to 20%, makes the credit permanent and provides small businesses with a credit against the alternative minimum tax. While supporting the bill’s intent, the White House cautioned that the president would veto the legislation in its present form since the bill would increase the federal deficit. Supporters of the bill maintain that permanently renewing the R&D tax credit will actually increase tax revenues over time as companies pay taxes on profits resulting from their investments. A similar bill has been introduced in the Senate but is on hold as senators attempt to focus on comprehensive tax reform. 

For additional details, contact Eric Snyder at erics@sema.org.

By SEMA Washington, D.C., Staff

The U.S. House of Representatives passed SEMA-supported legislation to renew the research and development (R&D) tax credit, which expired at the end of 2014. The “American Research and Competitiveness Act of 2015” (HR 880) increases the alternative simplified credit from 14% to 20%, makes the credit permanent and provides small businesses with a credit against the alternative minimum tax. While supporting the bill’s intent, the White House cautioned that the president would veto the legislation in its present form since the bill would increase the federal deficit. Supporters of the bill maintain that permanently renewing the R&D tax credit will actually increase tax revenues over time as companies pay taxes on profits resulting from their investments. A similar bill has been introduced in the Senate but is on hold as senators attempt to focus on comprehensive tax reform. 

For additional details, contact Eric Snyder at erics@sema.org.