Law & Order

COMPROMISE REACHED AS MINIMUM WAGE HIKE, TAX BREAKS BECOME LAW

President Bush signed into law a SEMA-supported measure that balances a minimum wage hike with $4.8 billion in small-business tax breaks. The wage will increase to $7.25 per hour over two years in three $.70 increments. The wage will rise to from $5.15 to $5.85 on July 24, 2007, followed by yearly increases to $6.55 and $7.25.

The tax-relief package increases the tax code’s annual expensing limits to $125,000 through 2008. The current limit is $112,000. Other provisions include incentives to hire disabled veterans and welfare workers. 

NEVADA STATE LEGISLATURE PASSES BILL TO RECOGNIZE REPLICAS

A version of SEMA model legislation to create a registration category for replica motor vehicles was approved by the Nevada State Legislature.   Under the bill, replicas are defined as vehicles manufactured after 1968 to resemble vehicles manufactured before 1968. Replicas would be exempted from all emissions inspection requirements applicable to other vehicles in the state.  Registration as a replica vehicle would be open to 100 such vehicles each year and use would be limited to occasional transportation and other hobby-related activities.

SENATE COMMITTEE APPROVES KID-SAFE CAR BILL

The U.S. Senate Commerce Committee unanimously approved a bill (S 694) designed to protect children from injuries or deaths in non-traffic vehicle incidents. The measure directs the National Highway Traffic Safety Administration (NHTSA) to require new vehicles be equipped with a means of alerting the driver if a child is behind the vehicle when it is being backed-up. The specialty-equipment aftermarket has been at the forefront of offering cameras and sensors to address the issue. The legislation now moves to the Senate floor for consideration.

U.S. SENATE COMMITTEE APPROVES CAFE HIKE

The Senate Commerce Committee approved legislation (S. 357) to dramatically raise the Corporate Average Fuel Economy (CAFE) standards. If enacted into law, the National Highway Traffic Safety Administration (NHTSA) would be required to increase the combined CAFE standards for passenger cars and light trucks by 4% a year. The current standard is 27.5 miles per gallon for cars and 21.6 miles per gallon for light trucks. The combined average would jump from 25 mpg to 35 mpg by 2019.

NEVADA STATE ASSEMBLY PASSES BILL TO RECOGNIZE REPLICAS

A version of SEMA-model legislation to create a registration category for replica motor vehicles was approved by the Nevada State Assembly. Under the bill, replicas are defined as vehicles manufactured after 1968 to resemble vehicles manufactured before 1968. Replicas would be exempted from all emissions-inspection requirements. Registration as a replica vehicle would be open to 100 such vehicles each year and use would be limited to occasional transportation and other hobby-related activities. Titles for these vehicles would list both the year of assembly and the model year that the bo

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