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Equipment Dealers Association and its Regional Affiliate Members Praise the House of Representatives for Bi-Partisan Approval of the United States Mexico Canada Agreement (USMCA)

ST. LOUIS, MO (December 20, 2019) – The Equipment Dealers Association (EDA) and its regional affiliate members praise the House of Representatives for passing the USMCA. The legislation ratifying the agreement passed on December 19, 2019, by a sweeping margin with 385 in favor and only 41 opposed. The Equipment Dealers Association has been vigorously… Read More »

Equipment Dealers Win with New IRS Development

LOUIS, MO (September 17, 2019) – The Equipment Dealers Association praises the IRS’ final and proposed regulations that clarify bonus depreciation and interest expense for dealerships with floor plan financing. “To the extent that overall interest expense, including floorplan interest, is below 30% of adjusted taxable income, a dealership will be eligible to take 100%… Read More »

INEDA Matching Fund Scholarships

INEDA has a limited number of matching fund scholarships available for the 2019-2020 school year to help train current and potential employees of Iowa and Nebraska equipment dealers. Deadline: April 15 [Program Details] [Scholarship Application]

Local Option Exemption for Construction Equipment

[Source: INEDA, 10.2018 | Keywords: Construction, Sales Tax] As a reminder, certain types of construction equipment are exempt from the local option sales tax and the local school infrastructure sales tax. That equipment is defined as: … self‑propelled building equipment, pile drivers, motorized scaffolding, or attachments customarily drawn or attached to self‑propelled building equipment, pile… Read More »

Iowa Tax Reform Bill Updates

Dear Friends, On May 5, 2018, the Iowa Tax Reform Bill was passed by the Iowa House and Senate and Governor Kim Reynolds signed the bill into law on May 30th. This bill contains tax law changes that begin to impact the 2018 tax year and continue to change the tax law up to 2023, depending… Read More »