Public Policy & IssuesNRF applauds passage of 'carryback' legislationWashington--The National Retail Federation (NRF) is welcoming passage of legislation that will allow retailers and other businesses to lengthen the period during which they can "carry back" current losses to claim a tax refund from previous years when they made a profit. Read More FTC extends Red Flags Rule enforcement deadlineNew York--The Federal Trade Commission (FTC) has decided to delay enforcement of the Red Flags Rule from Nov. 1, 2009, until June 1, 2010. Read More Gold buy-backs of interest as IRS visits jewelersNew York--The Internal Revenue Service (IRS) will soon be examining jewelers' anti-money-laundering (AML) programs for U.S. Patriot Act compliance, and with the rising number of jewelers doing gold buy-back programs, more retailers may need to be in compliance. Read More IRS asks JVC for help in training AML examinersNew York--The Internal Revenue Service (IRS) has asked Jewelers Vigilance Committee (JVC) President and Chief Executive Officer Cecilia Gardner to train examiners on the complexities of the jewelry industry as the IRS prepares to examine jewelers' anti-money-laundering programs (AML). Read More NRF asks Senate to approve 'carryback' amendmentWashington--The National Retail Federation (NRF) today asked the Senate to approve an amendment that would bring recession-plagued retailers billions of dollars in badly needed cash by lengthening the period during which they can "carry back" current losses to claim a tax refund from previous years when they made a profit. Read More Congress likely to modify Red Flags RuleNew York--In response to the concerns of small-business owners, the U.S. House of Representatives passed a bill on Oct. 22 allowing some companies to apply for an exclusion from the Red Flags Rule, according to the Jewelers Vigilance Committee (JVC). Read More NRF urges Congress to pass NOL Carryback ActWashington--The National Retail Federation (NRF) told a House committee on Wednesday that some retailers could be forced to lay off workers or close stores unless Congress moves quickly to pass the Net Operating Loss Carryback Act that would give them the cash they need to buy inventory for this year's holiday season. Read More JVC to release Red Flags Rule CDNew York--In October, the Jewelers Vigilance Committee (JVC) will release its Red Flags Rule compliance kit on CD, according to a press release from the New York-based organization. Read More Jewelers get extension for identity theft programNew York--The Jewelers Vigilance Committee (JVC) says jewelers who fit certain criteria in regards to offering credit will now have until Nov. 1 to comply with Federal Trade Commission (FTC) regulations that require them to have an identity theft prevention program in place. Read More New identity theft regs impact certain jewelersNew York--The Jewelers Vigilance Committee (JVC) is reminding jewelry retailers that those who offer customers credit through in-house financing, branded credit card programs, layaway facilities or any other credit arrangements, must have an identity theft prevention program in place by Oct. 1. Read More NRF welcomes Senate bill on credit card reformWashington--The National Retail Federation has welcomed the introduction of Senate legislation that would require Visa and MasterCard to negotiate over hidden credit card processing fees that cost the average household more than $400 a year and total more than $48 billion annually. Read More NACS applauds Credit Card Fair Fee ActWashington--NACS applauded the reintroduction yesterday of the "Credit Card Fair Fee Act," bipartisan legislation introduced by House Judiciary Chairman John Conyers (D-MI) and Representative Bill Shuster (R-PA). The bill seeks to address the more than $48 billion that Americans annually pay in credit card interchange fees. Read More Senate passes credit card billWashington, D.C.--The Senate voted yesterday to prohibit credit card companies from arbitrarily raising a person's interest rate and charging many of the exorbitant fees they've been passing along to cash-strapped consumers. Read More NRF urges Senate to amend Credit Card Reform BillWashington--The National Retail Federation (NRF) is urging the Senate to approve an amendment to the Credit Card Reform Bill that would make it easier for retailers to offer discounts to customers who use cash or other low-cost forms of payment rather than credit cards that carry high processing fees. Read More JA's Political Action Committee expands boardNew York--The Jewelers of America Political Action Committee (JAPAC) has expanded its board of directors and embarked on a two-year drive to raise funds from JA members. Read More N.Y. state budget passes without luxury taxNew York--The New York state legislature has officially passed the fiscal year 2009-2010 state budget and it does not include a luxury tax, Jewelers of America (JA) announced on Monday. Read More MJSA: Support legislation to ease lead-content lawRepublican Rep. Joe Barton of Texas has introduced legislation to the House of Representatives that will significantly ease the strict mandates of a new law restricting lead content in children's jewelry, Manufacturing Jewelers and Suppliers of America has learned. Read More JA fights Obama's proposed LIFO repealNew York--Jewelers of America (JA) has begun an aggressive campaign to oppose a repeal of the last-in, first-out (LIFO) inventory accounting method that President Barack Obama has proposed in his fiscal year 2010 budget. Read More N.Y. rejects proposed luxury taxAlbany, N.Y.--Legislators for the state of New York have rejected New York Gov. David Paterson's proposal for a luxury tax on jewelry and watches, among other products, according to a report from the American Watch Association (AWA). Read More JA presses for sales tax fairness actNew York--In the hopes of leveling the playing field between Internet and brick-and-mortar retailers, Jewelers of America (JA) is urging Congress to reintroduce and pass the Sales Tax Fairness and Simplification Act. Read More NRF welcomes organized-retail-crime legislationWashington--The National Retail Federation (NRF) recently welcomed legislation intended to help law-enforcement officials fight the $30 billion-a-year problem of organized retail crime. Read More JA urges members to fight luxury-tax initiativesNew York--Concerned about proposed legislation in New York and Illinois to enact luxury taxes on jewelry and watches, Jewelers of America (JA) is asking retail jewelers to join its letter-writing and fund-raising campaign to fight back. Read More NRF: Stimulus bill not enough to spark spendingWashington--The National Retail Federation (NRF) is continuing its strong push for consumers on Capitol Hill, reiterating that boosting consumer confidence is key to curing the nation's economic woes. Read More NRF: Stimulus bill doesn't do enough for consumersWashington--The National Retail Federation (NRF) told the Senate on Thursday that the economic-stimulus legislation under consideration fails to do enough for consumers, and repeated its call for a series of national sales-tax holidays intended to jumpstart spending. Read More NRF asks Obama for national sales tax holidaysWashington--The National Retail Federation (NRF) today asked President-elect Barack Obama to incorporate a series of national sales tax holidays into upcoming economic stimulus legislation as an important step toward rebuilding consumer confidence. Read More |
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