Thursday, January 27, 2011

1099 Fiasco

In his 2011 State of the Union Address, President Obama called for repeal of the 1099 reporting requirement included in last year’s health care legislation. SEMA has steadfastly opposed the burdensome rule that will require businesses to issue 1099 reporting forms to all vendors from whom they buy more than $600 of goods or services in any year, beginning in 2012. Last year, SEMA joined with a number of other business groups in an effort to repeal the measure. However, lawmakers were unable to agree on how to fund the lost revenues.


SEMA President Chris Kersting said, “SEMA is pleased that President Obama has responded to one of many critical issues facing small businesses by supporting the repeal of the 1099 reporting requirement. By acknowledging the need to remove this unnecessary burden on small businesses, the President has cleared the way for swift legislative action. SEMA urges Congress to act on the President’s request without delay.”

The “Small Business Paperwork Mandate Elimination Act” has been introduced in the new Congress to remove the burdensome rule. Many members of Congress have signed on as co-sponsors. SEMA will once again work toward its enactment. For more information, please contact Dan Sadowski, Congressional Affairs Manager at dans@sema.org.

Thursday, January 20, 2011

Collector Car Appreciation Day

SEMA and its Automotive Restoration Market Organization (ARMO) and Hot Rod Industry Alliance (HRIA) councils announced July 8, 2011, as “Collector Car Appreciation Day.” The date marks the second commemoration in what will become an annual event to raise awareness of the vital role automotive restoration and collection plays in American society. SEMA and its councils are now working to secure a congressional resolution to recognize the day’s significance.


“Last year, the United States Senate helped launch the first national Collector Car Appreciation Day by passing Senate Resolution 513 at our request,” said SEMA Vice President of Government Affairs Steve McDonald. “As a result, thousands of Americans gathered at car cruises, parades and other events to celebrate our nation’s automotive heritage. As we move forward, SEMA’s commitment to preserving and promoting the automotive restoration industry through its projects and programs is evident in this special day.”

S. Res. 513 was sponsored by Congressional Automotive Performance and Motorsports Caucus members Senator Jon Tester (D-MT) and Senator Richard Burr (R-NC). Senators Tester and Burr have been strong advocates for the automotive hobby in Washington, and the resolution reaffirmed their understanding of the cultural importance of collector cars. The caucus is an informal, non-partisan group that pays tribute to America’s ever-growing love affair with the car and motorsports. The caucus recognizes the integral role collector cars have played in fostering our nation’s appreciation for the automobile’s unique place in our history.

“On July 8, 2011, collectors and enthusiasts will host hundreds of events across the country,” said Laura Bergan, ARMO chairman. “We will proudly partner with individuals, car clubs and businesses as they organize car cruises, club gatherings and other educational events to celebrate the day.”

Rick Love, HRIA chairman-elect said, “The industry endeavors to preserve our nation’s automotive heritage while providing well-paying, high-skilled jobs nationwide. Collector Car Appreciation Day is a singular tribute to this industry and the millions of hobbyists it supports.”

SEMA will maintain a list of scheduled events to commemorate America’s time-tested love affair with the automobile. Individuals, car clubs and business owners interested in publicizing events should contact Mike Dingell, director, SEMA Action Network (SAN) at 202/783-6007 ext. 38 or miked@sema.org. If you are unable to celebrate on July 8, SEMA encourages events to be scheduled throughout the month of July.

Thursday, January 13, 2011

Non automatic renewals for Aviation policies....

At this time none of the aviation companies offer automatic renewals on any aviation policies.

One biggest reason is there is not a standard recording system for pilots. Automotive insurance is not generally based on how may hours you drive the car, but on your driving record (which is recorded and accessible through a motor vehicle record search).

Aviation requires updates of how many hours you fly and if you have had any accidents and violations. Since there is not a central location to gather that information for all pilots, they do not automatically renew. The insured has to provide the updated information every year. It is a very labor intensive process from our end and kind of a pain for the insured...
 
Hope that helps.