Category: Tax Reform

NADA Tax Reform Workshops

New Tax Reform Law Highlighted at NADA Show 2018

At NADA Show 2018, our Legal and Regulatory workshops and education sessions will address these hot tax topics for dealers and provide the information you need to stay up-to-date.

NADA Mark Scarpelli Detroit

Tax Reform Bill Means Opportunity and Success for Dealers

This critical amendment was more than just another tax issue to us. The floor plan loan is the economic cornerstone of the franchised dealership.

Senate Tax Reform Bill Passes with 100% Floor Plan Deductibility Preserved

Early Saturday morning, the Senate passed the “Tax Cuts and Jobs Act,” (H.R. 1) which included a NADA-supported amendment to preserve 100 percent deductibility of interest on floor plan loans (a specialized loan that funds vehicle inventory). 

Support Sen. Rand Paul Amendment to Preserve Floor Plan Deductibility in Senate Tax Reform Bill

Senators need to hear directly from YOU about the importance of floor plan financing to your business. Call your Republican Senators and ask them to cosponsor Senator Rand Paul’s amendment to ensure floor plan interest remains fully deductible.

Hundreds of New-Car and Truck Dealers Visit Capitol Hill During Annual Washington Conference

More than 400 new-car and truck dealers and dealer association executives from across the country traveled to the nation’s capital this week urging lawmakers to implement pro-growth tax reform.

Stars & Stripes Fly High as Truck Dealers Roll into D.C.

ATD hosted a successful third annual legislative fly-in that brought commercial truck dealers from around the country to our nation’s capital to fight for the truck industry.

American Truck Dealers (ATD) Rally Congressional Support for Repeal of Federal Excise Tax

Congressional support for H.R. 2946 – a bill that would repeal the federal excise tax (FET) on the retail sale of most heavy-duty trucks, tractors and trailers – is gaining traction on Capitol Hill.

NADA Visits the White House to Discuss Tax Reform

Recently, I had the profound privilege of joining fellow NADA leadership at the White House to meet with some of the officials who write the rules and regulations that impact our great industry.

6 Reasons to Repeal the Federal Excise Tax on Heavy-Duty Trucks

Rep. Doug LaMalfa (R-Calif.) introduced legislation in Congress Tuesday to repeal a burdensome federal excise tax (FET) on heavy-duty trucks originally imposed in 1917 to help defray the cost of World War I.

Time is Right to Repeal Federal Excise Tax

Tax reform and spurring economic growth are at the top of the agenda on Capitol Hill. But when it comes to a harmful tax in the commercial truck retail market, there is none greater than the federal excise tax.