In light of the June Supreme Court Decision more and more states are enacting laws that require dealers to collect and remit sales tax on transactions in their state even if the dealership has no physical presence in that state. Add Alabama, Illinois, Indiana, Kentucky, Michigan, Minnesota, New Jersey, North Dakota, Washington and Wisconsin to...…
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...…
Ever since the introduction of a so-called “Right to Repair” bill in the Nebraska Legislature in 2015, INEDA has been working closely with the Association of Equipment Manufacturers (AEM) and the Equipment Dealers Association (EDA) to provide industry-wide support for onboard diagnostics and repair information for users of powered equipment. We encourage you to view...…
[Author: Tom Junge, 07.17 | Keywords: Iowa Field Director, Technicians] Where can I find a tech? This is a question Iím frequently asked by dealers. As a matter of fact, one day in early June I heard it from not one, but three dealers. Finding technicians has been a problem for years and I donít see...…
[Author: Will Rogers, 07.17 | Keywords: Dealer Advocacy & Governmental Affairs, Consumer’s Use Tax] Earlier this spring, one of our Iowa members received notice that the Iowa Department of Revenue (I-DOR) had selected their business for a Consumerís Use Tax (CUT) audit. As part of the audit, the I-DOR was able to require 10 yearsí...…
[Author: Mark Othmer, 07.17 | Keywords: Nebraska Field Notes] The Beginning The 2017 session of the Nebraska Unicameral began on January 4, 2017 with 17 newly elected senators. With the addition of these freshman senators, there were now 34 sitting senators with two years or less lawmaking experience. By one month into the session, Senator...…
Economic Impact of Exempting Farm Repair and Replacement Parts from Nebraska Sales Taxes: An Update [Keywords: Farm Repair, Replacement Parts, Nebraska, Sales Tax]
Nebraska Dealer Protection Law Nebraska Resale or Exempt Sale Certificate Nebraska Sales Tax Exemption on Repair Parts – LB986 [Keywords: Nebraska Legislation, Dealer, Sales Tax]
[Author: Tom Junge, 09.2016 | Keywords: Iowa Field Notes, ARC-CO Checks] The government program referred to as ARC-CO, will likely be adding revenue to farmers this fall for the 2015 corn and soybean crops. The maps below (compliments of AgriSource) show expected county payments for corn and soybean crops as of August 17, 2016. The...…
[Author: Tom Junge, 11.2016 | Keywords: Iowa Field Notes, State of the Industry] Are we there yet? Weíve all been asked this before, especially when traveling by car. Iím a numbers guy. When Iím driving I often find myself calculating the Estimated Time of Arrival (ETA) in my head so I can blurt out the...…
[Author: Tom Junge, 05.2016 | Keywords: Iowa Field Notes, Change] During my visits with dealers, many have brought up the old saying ìbad habits are learned in good times.î Dealers are starting to recognize that they have developed bad habits or ignored good business practices during the robust years of the ag economy. Many are...…
[Author: Tom Junge, 07.2016 | Keywords: Iowa Field Notes, Equipment Values, Change] Not too many years ago (maybe 5 or 6 years), dealers used the “Official Trade-In Guide” to determine the value of equipment. Depending on the condition of the equipment, dealers primarily used Retail Price or Trade Premium. When the ag industry boomed, trade-in...…
