A Dealer Guide to the Tax Cuts and Jobs Act of 2017

Alternative LIFO Categories
American Truck Dealers (ATD) Applaud New Senate Bill to Repeal Federal Excise Tax on Heavy-Duty Trucks
Next week (June 20-21), the American Truck Dealers (ATD), a division of the National Automobile Dealers Association, will host its annual ATD Legislative Fly-In to Capitol Hill to rally bipartisan support for S. 3052 and H.R. 2946.
ATD Chairman Dick Witcher Delivers Keynote at the 2014 ATD Convention & Expo
ATD Chairman's Column: Truck Dealers Converge on Capitol Hill
ATD hosted its second annual fly-in on Capitol Hill where commercial truck dealers urged members of Congress to protect dealerships from harmful policies and regulations that would hinder the growth of one of America’s most important industries.
ATD Chairman: New Challenges and Opportunities in 2017
ATD has already begun laying the groundwork for 2017. Just last month, I testified before the Internal Revenue Service in regards to dealer concerns with recently proposed Federal Excise Tax (FET) regulations.
ATD Chairman: Tax Reform Debate Has Begun in Nation’s Capital
The debate on tax reform is currently underway in Washington, D.C. The House Republican leadership released their “tax blueprint,” an outline for tax reform legislation that’s projected for spring 2017.
ATD Gets Ready for a Season of Change
From my vantage point in Maryland, my family and I are enjoying the autumn season. And as October turned to November and as I watched the leaves turn from green to golden hues of orange and red, I realized that a great deal of change is underway—both in the season and in our dealer business.
ATD Supports New House Bill to Repeal Federal Excise Tax on Heavy-Duty Trucks
ATD Chairman Steve Parker praised U.S. Rep. Doug LaMalfa’s (R-Calif.) introduction of H.R. 2946, a bill that would repeal the harmful and outdated federal excise tax (FET) on the retail sale of most heavy-duty trucks, tractors and trailers. The bill was introduced June 20.
Automobile Tariffs
NADA urges strong congressional oversight over trade policies to examine the potential loss of jobs and decreased sales that could occur because of the imposition of tariffs.
Automotive Alert on Factory Image Upgrade Payments
Automotive Alert Regarding the Capitalization of Tangible Property
Border Adjustment Tax Letter 12-13-2016

Cash Reporting Sample Notification
Chairman Dave Westcott Delivers Keynote at the 2014 NADA Convention & Expo
Choice of Entity January 2015

Congress Must Ensure That Any Change to LIFO and Advertising Deductibility Do Not Negatively Impact Small Business
LIFO (last in, first out) is a longstanding inventory accounting method used by businesses to help mitigate rising inventory costs.  As costs rise, LIFO is a more accurate way of measuring financial performance and calculating tax.
Dealers Urged to Connect with Congress on Major Tax and Spending Concerns over August Break
Eric Jorgensen Delivers Keynote Address at the ATD Convention & Expo
Estate Tax Reform
In January 2013, Congress passed an estate tax regime of a 40 percent rate and a $5 million exemption, indexed for inflation. This legislation also preserved crucial planning techniques such as stepped-up basis and spousal transfer of unused exemption amounts.
Every Dealer Should Have Concerns About a Border Adjustment Tax
As all of you know, there’s been a lot of consternation in Washington, D.C., lately over the issue of the border adjustment tax, or “BAT.” Groups representing a number of businesses and different industries have all voiced serious concerns about the potential for a BAT to lead to higher costs for a wide range of good and services – costs that could ultimately get passed down to American consumers.
Federal Agency Publications
NADA Regulatory Affairs disseminates federal agency publications that of interest to domestic U.S. new-car and -truck dealers.
Legislation Opposes Hiking the Federal Excise Tax on New Trucks
LIFO Advertising Issue Brief August 2017
NADA Backs Consumer Tax Breaks for Auto Sales
The National Automobile Dealers Association (NADA) supports proposed legislation announced today by U.S. Sen. Barbara Mikulski, D-Md., which seeks to stimulate the struggling economy by boosting retail automobile sales.
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