RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Legislative Leaders Mulling First Veto Override of Gov. Rick Snyder

Fri Sep 1, 2017
Author: Emily Lawler, MLive.com

LANSING, MI - Leaders of both the House and Senate are considering whether to use their majorities to override Gov. Rick Snyder's veto on a bill that would have accelerated a tax break on vehicle trade-ins.

Both House Speaker Tom Leonard, R-DeWitt, and Senate Majority Leader Arlan Meekhof, R-West Olive, say they have to talk to their respective caucuses about the next move.

In July, Snyder vetoed Senate Bills 94 and 95, which would have sped up an increase in money exempt from taxation when an older vehicle is traded in for a new one.

The issue is sometimes referred to as "sales tax on the difference." In the past, Michigan charged sales tax on the entire purchase price of a newly-purchased car or recreational vehicle, even if the deal included a trade-in. It was one of only a handful of states that did that, and some argued it put Michigan dealerships at a disadvantage.

Snyder signed legislation to phase in an exemption for the value of a trade-in when somebody purchased a new vehicle. But he vetoed legislation to accelerate that exemption, saying it would strain the state's budget. . . .

The legislature, which has spent most of the summer back home in districts, returns to Lansing for session on Sept. 6.

Read the complete story at MLive.com

Additional Information: http://www.mlive.com/news/index.ssf/2017/09/legislative_leaders_mulling_fi.html