TIA commends Congressional vote on income and state taxes.
Press Release Summary:
TIA expressed gratitude to members of U.S. House of Representatives that voted in favor of extending tax cuts and restoring lower-level estate tax with higher exemption amounts. Organization has been actively lobbying in support of specific estate tax provision for several years. According to TIA Executive VP Roy Littlefield, TIA members will not have to worry about previously onerous levels of estate tax when their own estate is passed on to spouses, sons, and daughters.
Original Press Release:
Tire Industry Association Expresses Their Gratitude for Congressional Vote on Income and Estate Taxes
Bowie, MD - The Tire Industry Association (TIA), one of the leading global authorities on tires, today expressed their gratitude to those members of the U.S. House of Representatives that voted last night in favor of extending the tax cuts and the restoration of the lower-level estate tax with higher exemption amounts, ultimately securing passage. The bill is expected to be signed into law by President Obama today.
TIA has been actively lobbying in support of the specific estate tax provision for several years. This past summer, they stepped up visits to Capitol Hill offices in the hopes of this opportunity coming to pass.
"Today is a good day for the small business tire dealer. Our members will be able to keep more of what they work so hard to earn, and many of our members will not have to worry about previously onerous levels of the estate tax when their own estate is passed on to their spouses, sons and daughters," said TIA Executive Vice President Roy Littlefield.
In addition, TIA's Director of Government and Business Relations Paul Fiore stated that, "This shows how membership in TIA benefits those in the tire industry through active grassroots communication with Congress. There is a lesson here - and it is that membership must stay politically engaged to keep their government working for them and not against them."
About TIA:
TIA is an international association representing all segments of the tire industry, including those that manufacture, repair, recycle, sell, service or use new or retreaded tires, and also those suppliers or individuals who furnish equipment, material or services to the industry. The Tire Industry Association (TIA) has a history that spans more than 80 years and includes several name changes. Originally known as the National Tire Dealers & Retreaders Association (NTDRA), the organization gave birth over the years to the American Retreaders Association (ARA) and the Tire Association of North America (TANA). ARA changed its name to the International Tire & Rubber Association (ITRA) and merged with TANA in 2002 to form the current Tire Industry Association (TIA), which now represents every interest in the tire industry. For more information, visit www.tireindustry.org, or call 800.876.8372.
Tire Industry Association | 1532 Pointer Ridge Place | Suite G | Bowie | MD | 20716
