Category: Legal/Regulatory Alerts

Update on Military Lending Act – What You Need to Know

December 22, 2017

Recently the Department of Defense (“DOD”) issued new guidance as to what sorts of transactions are covered by the Military Lending Act (“MLA”) stating that any credit transaction that finances the vehicle along with “any credit-related product or service” such as GAP, credit life insurance, credit accident and health insurance, or other

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Results from ATD Press Release on FET Repeal

Bill Seeks to Repeal Federal Excise Tax on Heavy-Duty Trucks (Trucks.com) https://www.trucks.com/2017/06/21/bill-introduced-repeal-federal-truck-tax/   House bill would nix 12% excise tax on truck purchases (Overdrive...

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Pollution Control Devices

Florida Statutes 316.2935 and Florida Administrative Code 62-243 outlines the requirements and exemptions for pollution control devices/certifications.

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Latest Compliance Information – Know the Rules

Latest Compliance Information on Advertising, Damage Disclosures, Dealer Fees, GLB & Safeguard Rule, New Buyers Guide – FTC Used Car Rule, Changes in Out of State Resident Sales Tax, Roger’s Case Reminder, and important documentation need on Sales for Resale.

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Sales for Resale

To be tax exempt, the burden of proof rests with the seller, who must retain the required documentation to support the exempt sale.

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