Dates and locations have been scheduled for several upcoming SEMA-sponsored shows, measuring sessions and activities.
The first issue was published in January 1948.
By SEMA Washington, D.C., Staff
The Internal Revenue Service has set the standard business-mileage deduction at 65.5 cents per mile for 2023, up 3 cents from the previous midyear increase, which set the rate for the second half of 2022. The mileage calculation includes the cost of fuel, along with other vehicle fixed and variable operating expenses, such as depreciation, insurance, tires etc. These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.
Referred to as the SECURE Act 2.0, the provisions expand the SECURE Act 1.0 reforms enacted in 2019.
When the 2017 tax law was enacted, it allowed companies to amortize certain tax deductions over one year, but the benefit was only temporary.
The SEMA-supported INFORM Consumers Act became law as part of the FY 2023 omnibus spending package.
The event provides the ideal atmosphere for members to make new contacts and strengthen existing connections.
For members of the Automotive Restoration Market Organization (ARMO) and classic-car aficionados, the SEMA Show is an ideal setting to showcase and shop for products and services which drive the restoration market.
At the time of publication, the U.S. Senate Environment and Public Works (EPW) Committee and the U.S. House Energy & Commerce Committee are negotiating on the Recognizing the Protection of Motorsports Act (RPM Act) for potential consideration at the end of the 2021–2022 session of Congress.
The young man on the floor, Speed Graphic camera in hand, is Robert E. Petersen, circa 1946–1947. Barely in his 20s, Petersen had returned to Los Angeles after serving in the Army Air Corps during World War II. He wanted to get his job back at MGM Studios, where he had worked in the publicity department. But with so many veterans looking to do the same, MGM couldn’t employ them all, and Petersen was caught up in a round of layoffs. He and another vet in the same situation, Robert Lindsay, decided to form their own PR agency, the Hollywood Publicity Associates. Among their first clients was the Southern California Timing Association.