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New Tax Reform Law Highlighted at NADA Show 2018

Published January 8, 2018


Paul Metrey, Profile Photo,150x150

Paul D. Metrey

Senior Vice President, Regulatory Affairs

The tax reform bill signed into law in December 2017 significantly changes how companies and individuals are taxed at the federal level. Last year, we also witnessed a slew of regulatory activity in other areas that affect dealer operations. At NADA Show 2018, our Legal and Regulatory workshops and education sessions will address these hot topics for dealers and provide the information you need to stay up-to-date.

Take a look at some of the workshops that will touch on these timely topics and be sure to reserve your spot today for the 2018 show in Las Vegas this March.

ACES, Emerging Technologies: Challenges and Opportunities for Dealers

Thursday, March 22, 2018 4:00 PM -- 5:00 PM

Autonomous, connected and electric vehicles and "shared mobility are more than buzzwords; they represent changes that will have a tremendous impact on dealers. A panel of experts will discuss what legal, regulatory and practical issues dealers are likely to face from consumers, regulators, and others as a result of these and related developments.

Attorneys General Sue Dealers for Millions: Are You at Risk?

Saturday, March 24, 2018 10:30am-11:30am

Sunday, March 25, 2018 10:45am-11:45am

The most likely person to investigate and sue a dealer is the state attorney general. There are certain compliance infractions and issues that attorneys general return to again and again. What are they investigating? How are they doing it? What is your risk as a dealer? This workshop will identify key infractions of compliance laws and regulations, discuss ways to ensure dealerships are following these laws, and help dealers determine the appropriate course of action should they find themselves targeted by the attorney general.

Dealer Sales and F&I Practices that Risk Violations

Thursday March 22, 2018 2:30pm-3:30pm

Saturday, March 24, 2018 9:00am-10:00am

Many everyday sales and F&I practices present serious risks to dealers from regulators and plaintiffs' lawyers. Do you add aftermarket products into Line 1 of a RISC? Do you know what is required to obtain proper consent to text customers? Do you discount prices based on credit score? Advertise internet specials? Do your deal jackets contain unsigned documents? Do you fail to follow basic safeguards practices? Allow third parties to pull customer data from your DMS but state in your privacy notice that you don't share data? These actions and more can lead to large enforcement penalties from regulators or class action liability? This workshop will discuss these and other common business practices that dealers may not know are putting them at significant risk, explain why, quantify potential penalties and damages, and provide best practice alternatives.

Explore Hot Tax Topics with Industry Experts

Friday, March 23, 2018 10:30am-11:30am

Saturday, March 24, 2018 9:00am-10:00am

This “year in review” workshop summarizes and provides compliance guidance on the most significant federal income tax developments affecting franchised auto and truck dealers over the past year including, most notably, the new tax reform law.

Eye on Washington: Top Legislative Issues on Capitol Hill

Thursday, March 22, 2018 1:00pm-2:00pm

Saturday, March 24, 2018 9:00am-10:00am

NADA Legislative Affairs staff will provide an update on late-breaking federal legislative and regulatory issues impacting franchised auto and truck dealers. The presentation will discuss the prospect of tax reform, auto finance and vehicle recalls and provide tools and skills to help dealers, managers and NextGen engage with elected officials at home.

Federal Regulatory Update for Car Dealers

Thursday, March 22, 2018 1:00pm-2:00pm

Saturday, March 24, 2018 10:30am-11:30am

This workshop will provide a "year in review" of significant federal laws, regulations, guidance documents and court cases that affect dealerships (including DOD’s just-released Military Lending Act Interpretation) and identify potential compliance strategies and resources for managing dealers’ federal compliance obligations.

NADA Show 2018 takes place March 22-25 in Las Vegas. Register today to secure your spot and learn more about these important and timely topics. View the full schedule of workshops and education sessions that will be available at our upcoming show and read more about the Senate Tax Reform Bill here on the NADA blog.

*Post updated 01/09/18.