NMMA submits comments to Senate on tax reform

The NMMA’s comments called on the committee to lower corporate tax rates to align more closely with other developed nations.
Updated:
Original:

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.

Earlier this spring, the committee put out a request for stakeholders to participate in this effort before Tax Day.

The committee is expected to unveil policy recommendations next month, laying a foundation for tax reform to potentially take place later this year, according to the NMMA newsletter Currents.

The NMMA’s comments called on the committee to lower corporate tax rates to align more closely with other developed nations while ensuring that benefit programs remain for companies to continue to invest in new technologies, employees and their communities.

The NMMA said it is working closely with numerous other associations and coalitions to achieve a more balanced, fair and effective tax code for businesses and individuals alike.

Related

Two Boosts for Boating and Fishing

MBIA’s Metro Boat show show draws a crowd, and the U.S. Fish and Wildlife Service expands boating and fishing opportunities.

Norwalk Boat Show Opens Today

The NMMA show runs through Sunday at Norwalk Cove Marina in Norwalk, Conn.

Raritan Expands Team

Patrick McNeel joins the New Jersey-based manufacturer as a marine equipment product developer.

Industry Mourns Walter “Bing” Burns O’Meara

The longtime publisher of Lakeland Boating magazine has died at 81.

NMMA Announces Hall of Fame Inductees

Regulator Marine’s Joan Maxwell and Bill Watters of Syntec Industries will be honored at IBEX.

Brunswick Acquires SemahTronix

The supplier of wiring harnesses and other electrical assemblies will be part of Brunswick’s growing Advanced Systems Group.

Mercury, Navico Join Electric Race Series

The Brunswick Corp. subsidiaries will provide an e-powertrain and electronics for the new E1 Series, which will feature electric hydrofoil boats.

Rollick and Lightspeed Team Up on Dealer Support

The partnership will give LightspeedEVO dealers access to Rollick’s consumer analytics.

End of an Era

Leon Slikkers retires from Tiara while a new boat is planned.