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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 »

Hiring Youth Workers: Do You Know the Rules?

[Author: Bob Evnen | 2015; R-2017 | Keywords: Human Resources, Youth, Employment] School is nearly out, which means young people will be seeking summer jobs. The employment of people under the age of 18 comes with several rules and is closely regulated by both the federal and state governments. Following is a brief outline to… Read More »