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The RVDA (The National RV Dealers Association) is urging all dealers to get in touch with congress to help generate capital. In combination with over 75 other Net Operating Loss Coalition partners, the RVDA is actively supporting legislation that would extend the NOL (net operating loss) period for small businesses. The RVDA’s support will be felt in the response of its members, the RV dealers all across America, as they take up the cause and let Congress know their industry’s needs.
Phoenix, AZ (Vocus) January 28, 2008 -- The RVDA has urged its RV and motorhome members to get in touch with congress. They are asking for the support of the dealers as they actively support legislation that would extend the net operating loss (NOL) period for small businesses. The extension of the NOL period to 5 years would enable companies to carry back losses to earlier, more profitable, years.
The RVDA sees the extension of the NOL period as a viable option that will deliver the needed stimulus to the nation’s struggling economy. Lack of capital for day to day operations leaves many small business owners looking for an out that will enable them to make it through and the ability to take advantage of a future tax benefit to get cash today could be the difference between open for business and "closed doors" for many in the RV industry.
The proposed legislation has received plenty of negative press so the RVDA along with other organizations from a variety of industries are doing what they can to make the benefits known. The RVDA requested action from its RV dealers. RV dealers were asked to get in touch with their congressman regarding the legislation and the benefits it would offer.
RV dealers were asked to encourage Congress to include specific items in the economic recovery legislation including: 1) extending the current 2 year NOL carryback period to 5 years for 2008 and 2009, 2) NOL carryback is a proven tool for restoring jobs, 3) the proposed relief will offer cash flow immediately to NOL companies; these same companies would otherwise have to wait years to use their NOLs, and 4) the proposed relief is "Targeted, Timely, and Temporary" (many economists judge economic recovery proposals on this basis).
When asked about the RVDA’s request to support the proposed legislation, Clint Ethington of Pedata RV Center, said, "I haven’t heard of any other proposed solution, temporary or otherwise, that would benefit so many hard working people so immediately. The RVDA supports the dealers by supporting the legislation…so it’s only right that the dealers do their part, too."
For More Information:
For more information on Pedata RV Center or current trends in the RV industry contact Clint Ethington, General Manager, at clint (at) pedatarvcenter (dot) com or by phone at: 1-888-545-8314 or 520-807-0900. Or visit Pedata RV Center online at www.pedatarv.com.
Contact:
Clint Ethington
Pedata RV Center
www.PedataRV.com
Phone: 1-888-545-8314 or 520-807-0900
Email: clint (at) pedatarvcenter (dot) com
### Read the full story at http://www.prweb.com/releases/RV_Dealers/NOL_Support/prweb1926304.htm.
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