When the 2017 tax law was enacted, it allowed companies to amortize certain tax deductions over one year, but the benefit was only temporary.
Tariffs have negatively impacted businesses by creating uncertainty in the economic marketplace and forcing companies to either absorb the additional costs or pass it along to the consumer.
U.S. Senate Introduces SEMA-Supported Motorsports Fairness and Permanency Act
laurap
Thu, 08/03/2023 - 11:35
If passed, the bill would give race tracks the ability to make needed improvements, invest in safety and enhance the spectator experience.
U.S. House of Representatives Passes Regulatory Reform Bill
laurap
Thu, 06/15/2023 - 15:39
By the SEMA D.C. Office
The U.S. House of Representatives passed the SEMA-supported "Regulations from the Executive In Need of Scrutiny (REINS) Act of 2023". If enacted into law, H.R. 277 would require Congress to approve any regulation with an estimated annual economic impact of $100 million or more before it could take effect.
The bill includes key provisions that will benefit automotive aftermarket businesses.