EV Tax Credit/Clean Vehicle Credit
The Inflation Reduction Act (IRA), which was signed into law on August 16, 2022, created a new “clean vehicle credit” which will replace the previous EV tax credit. The new $7,500 credit only applies to vehicles with final assembly in North America, and also sets strict new limitations on the origin of critical minerals and components of a vehicle’s battery as well as caps on consumer incomes and vehicle MSRPs. Read More
Federal Trade Commission/Regulatory Overreach
Recently, the Federal Trade Commission (FTC) announced a proposed rule, the Motor Vehicle Dealers Trade Regulation Rule No. P204800, which covers an extremely wide variety of business operations including advertising regulatory standards, vast disclosure enhancements and an onerous recordkeeping requirement. Read More
Last In/First Out (LIFO)
Businesses using the LIFO inventory method must maintain a minimum level of inventory at year end or risk triggering a recapture tax. Given the current supply chain issues, auto dealers in particular have been unable to acquire inventories necessary to avoid additional tax liability triggered by LIFO recapture. Read More
Arbitration
In the spring of 2022, the Forced Arbitration Injustice Repeal (FAIR) Act was passed by the U.S. House of Representatives. The FAIR Act would prohibit pre-dispute arbitration agreements in civil rights, consumer, antitrust, and employment disputes. The legislation has been referred to the Senate Judiciary Committee but has not yet advanced in the Senate. Read More
Right to Repair
Several bills aimed at ensuring vehicle owners and independent repair shops have equal access to repair and maintenance tools as automakers' dealerships have been introduced in the 117th Congress, including the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act, the Fair Repair Act, and the Freedom to Repair Act. Read More
Estate Tax
The Death Tax Repeal Act was introduced in both the House and the Senate in the early 2021. America’s international auto dealers are threatened every day with the prospect of losing their family businesses to the federal Estate Tax, more appropriately called the “Death Tax.” Read More
Issues Archive
Union-Only EV Tax Credit
- Union-Only EV Tax Credit One Pager
- Op Ed: Paying Consumers More to Purchase Union-Built EVs is Un-American
- Chairman's Blog: International Nameplate Dealers Are Under Attack
232 National Security Tariffs
- Oral Testimony of Cody Lusk During the Department of Commerce's Section 232 Hearing
- Comments Submitted to the Department of Commerce Regarding Section 232 Investigation
- One-Page: What Would a 25% Tariff Mean for the Auto Industry?
- Cody Lusk: Tariffs Are a Real Threat to the Auto Industry (Automotive News)
- Cody Lusk: Administration Must Put the Brakes on Move (The Hill)
Border Adjustment Tax (BAT)
- AIADA's One-Pager on the BAT
- CAR STudy Demonstrating Impact on U.S. Vehicle Prices
- AIADA President and CEO Cody Lusk's Letter to AIADA Members
- Watch: AIADA President Cody Lusk Tells CBT Automotive Network Why BAT is Bad News for Dealers
Free Trade Agreements
- Statement: Auto Dealers React to USMCA Passage
- AIADA President and CEO Cody Lusk's ITC Testimony
- NAFTA Two-Pager
- Peterson Institute for International Economics: NAFTA Materials
- Watch: NAFTA is Working for Americans
- Article: U.S.-Japan Trade Deal Versus TPP: Where It Falls Short, Where It Exceeds (Reuters)
- AIADA's Position Paper on the Trans Pacific Partnership (TPP)
- AIADA's Position Paper on the Transatlantic Trade and Investment Partnership (TTIP)
- AIADA's 2013 Comment Letter to USTR Supporting a U.S. - EU Trade Agreement