Please select your home edition
Edition
Selden 2020 - LEADERBOARD

Passage of the Bipartisan Innovation Act will secure numerous victories for marine manufacturers

by National Marine Manufacturers Association 15 Jun 17:53 PDT
Chip © National Marine Manufacturers Association

Before Congress adjourns for its summer recess, there are several large pieces of legislation lawmakers are looking to pass, including the Bipartisan Innovation Act, which is a key policy priority for the recreational boating industry.

Passage of the Bipartisan Innovation Act will level the playing field for marine manufacturers, and will address a number of priorities for marine manufacturers, including:

Reinstate and expand the exclusion process for Section 301 tariffs, which are currently costing marine manufacturers over $30 million in taxes;

Address the U.S. semiconductor shortage currently impacting and stalling the marine manufacturing process;

Invest in American manufacturing by boosting research and development (R&D) and allowing business to fully deduct R&D expenses in the same year they are incurred.

To read more please go to the original article.

Related Articles

What to expect for 2023 model year updates
Including new electrification standards Introduction of new model year products for 2023 are well underway, with boat manufacturers able to introduce new model year products as early as June 1 through July 31. Posted on 30 Jun
Registration is open for IBEX 2022
Set to cruise back to Tampa September 27-29 Visitor registration for the 2022 IBEX show is now open. Set to take place September 27-29, 2022 at the Tampa Convention Center, the North America's largest trade event for marine industry professionals Posted on 28 Jun
Call for support of the Bipartisan Innovation Act
Negotiations are underway between members of Congress on legislation to boost domestic manufacturing Ahead of the summer recess, negotiations are under way between members of Congress on legislation to boost domestic manufacturing, reduce supply chain disruptions, and invest in American research and development (R&D). Posted on 18 Jun
NMMA announces dates for 2023 ABC
American Boating Congress returning to Washington, D.C. from May 8-10, 2023 The American Boating Congress (ABC) will return to Washington, D.C. from May 8-10, 2023, bringing together all segments of the recreational boating industry to share its collective voice on Capitol Hill and address pressing matters to the industry. Posted on 17 Jun
NMMA meets with members of parliament
Senate of Canada met to consider the Budget Implementation Act of 2022 The Senate of Canada met last week to consider the Budget Implementation Act of 2022, or Bill C-19, which includes the "luxury tax" on new boats valued at CA $250,000 or more. Posted on 15 Jun
U.S. Boating Statistical Abstract now available
Sailboats accounted for $126.1 million in sales in 2021 The Sailboat Sales Trends section of NMMA's 2021 U.S. Recreational Boating Statistical Abstract is now available. Posted on 14 Jun
NMMA hires Mildred Robinson
To lead Business Intelligence department NMMA recently welcomed Mildred Robinson as vice president of business intelligence. In this role, Robinson will drive NMMA's data, analytics & insights department to enhance and expand research critical to the success of the recreational boating industry Posted on 11 Jun
Report: New powerboat sales normalizing
Continuing to outpace pre-pandemic levels The NMMA reports new powerboat sales through Q1 2022 are showing signs of normalizing following two years of historic growth. Posted on 7 Jun
NMMA Hall of Fame Award nominations now open
To be presented during the IBEX Industry Breakfast on September 27 Nominations are now being accepted for the 2022 NMMA Hall of Fame Award, which will be presented during the IBEX Industry Breakfast on September 27 in Tampa, FL. Posted on 4 Jun
Future of Marine Propulsion Technology Webinar
Experts will discuss the political & economic impacts of electrification into the marine industry The NMMA will host on Tuesday, June 21 at 12 p.m. EDT a virtual panel event, The Future of Marine Propulsion Technologies Posted on 3 Jun
Sea Sure 2020 - FOOTERJ Composites 2022 - J45 FOOTERUpffront 2020 Foredeck Club SW FOOTER