eNews Article
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...
eNews Article
Referred to as the SECURE Act 2.0, the provisions expand the SECURE Act 1.0 reforms enacted in 2019.
eNews Article
When the 2017 tax law was enacted, it allowed companies to amortize certain tax deductions over one year, but the benefit was only temporary.
eNews Article
The SEMA-supported INFORM Consumers Act became law as part of the FY 2023 omnibus spending package.
eNews Article
The event provides the ideal atmosphere for members to make new contacts and strengthen existing connections.
Magazine (News) Article
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.
Magazine (News) Article
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.
Magazine (News) Article
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...
Magazine (News) Article
One of the annual SEMA Show’s many distinctions is its weeklong display of greatness. From new products and innovations to the groundbreaking people driving the specialty aftermarket to new heights, the SEMA Show reflects the industry’s reach for excellence. Perhaps that’s the reason the Show’s...