CLICK HERE to register for the 2015 NADA Convention, January 22-25!
IADA LEASE TAX SEMINAR - Register HERE!
Beginning January 1, 2015, the Illinois Department of Revenue will change the way it taxes conventional motor vehicle leases. Fixed term motor vehicle leases will be taxed based on total lease payments rather than on total vehicle value. Please join IADA Staff as we host a free Motor Vehicle Lease Tax Seminar to explain what the lease tax changes mean for dealers.
December 2: Chicago Marriott Schaumburg
December 3: Embassy Suites East Peoria
December 4: Gateway Center Collinsville
Get the Facts: The Benefits of Franchised Auto Dealers
The current franchised new-car dealer model has benefited consumers, manufacturers and local communities for nearly a century. It is supported by both dealers and factories as the best and most efficient way to buy, sell, service and finance cars in the marketplace. NADA’s Get the Facts page sets the record straight about the benefits of the franchise system for consumers and local communities all over America.
Local franchised auto dealers:
1) Fiercely compete for your business and drive consumer prices down.
2) Take the side of consumers in warranty and safety recalls.
3) Create good-paying local jobs and significant tax revenue for local communities.
4) Simplify an otherwise complex car-buying experience.
to view the video, "A Good Deal for Everyone."
Monday, April 21st, The Honorable Pat Quinn signed Lease Tax Bill (HB 2317) at a special signing ceremony in Chicago with IADA and CATA leadership present. Beginning January 1, 2015, House Bill 2317 will change the tax base for motor vehicle leases from the selling price of the leased vehicle to the amount of the lease payments. On March 4th, on a vote of 111-0, the Illinois House of Representatives passed House Bill 2317. This legislation passed out of the Senate 55-0 last Spring.
Over 125 Discounted Online Management Learning Resources Available through our partnership with DealersEdge.