The National Marine Manufacturers Association submitted comments this week to the Senate Finance Committee’s Business Income Tax working group outlining goals for tax reform during the 114th Congress.
The National Marine Manufacturers Association is the leading association representing the recreational boating industry in North America. NMMA member companies produce more than 80 percent of the boats, engines, trailers, accessories and gear used by boaters and anglers in the United States and Canada. The association is dedicated to industry growth through programs in public policy advocacy, market statistics and research, product quality assurance and promotion of the boating lifestyle.
Wholesale shipments of traditional powerboats were up 0.5 percent in 2014 for the National Marine Manufacturers Association’s control group of manufacturers, which represent 71 percent of the entire market.
The American Boating Congress will host two Congressional Boating Caucus co-chairs as speakers at the general session.
The National Marine Manufacturers Association has joined a group of trade associations and companies to form a new coalition urging policy-makers to continue three decades of bipartisan tax policy.
The NMMA said new powerboat registrations increased in 2014 for the third consecutive year — up 8.7 percent from 2013.
New data show that wholesale shipments of U.S. outboard engines were up 5.5 percent in February on a rolling 12-month, year-over-year basis.
The marine industry is already anticipating the 2015 American Boating Congress, an event that gathers stakeholders on Capitol Hill to lobby on behalf of issues affecting the industry.
A Missouri bill that would exclude marinas from a state fuel tax is awaiting action on the floor of the state House of Representatives.
The Manufacturing Institute will recognize 130 female honorees and emerging leaders with the Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award, including Chaparral and Robalo Boats vice president Ann Baldree and Regulator Marine president Joan Maxwell.
David Gregory, the former moderator of NBC’s Meet the Press, will deliver a keynote address at this year’s American Boating Congress on May 13.