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As part of the ongoing effort to repeal this burdensome tax, AIADA will join other family-owned business groups and estate tax opponents to participate in National Estate Tax Repeal Day on Tuesday, May 23 in Washington, D.C. More than 800 dealers and industry executives are expected to be in Washington at that time for AIADA's 23rd annual Automotive Congress.
Rep. Jennifer Dunn (R-WA), who worked with AIADA to achieve phase-out of the luxury tax in 1996, is now leading the effort in the House of Representatives to phase-out the estate tax. She will address attendees at the Automotive Congress on May 23. "All family-owned dealerships stand to benefit from Rep. Dunn's legislative efforts to eliminate the burdensome death tax. It is a special honor to have her speak to our members on National Estate Tax Repeal Day," said AIADA President Walter E. Huizenga.
Dunn is a co-sponsor of H.R. 8, the Death Tax Elimination Act. The bill, which seeks to phase-out estate and gift taxes over a 10-year period, could be considered by Congress the first week in June if enough support is generated.
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