CORONAVIRUS GUIDANCE & INFORMATION

IMPORTANT INFORMATION: GUIDANCE FOR DEALERS ON CORONAVIRUS

• March 30th - Paycheck Protection Program FAQs for Small Businesses
• March 29th - Department of Labor’s (DOL) Wage and Hour Division (WHD) issued another revised version of its Families First Coronavirus Response Act (FFCRA): Questions and Answers
  • Leave provisions take effect 4/1/20
  • Prior to 4/1/20, dealers should provide the required notice to their employees
• March 26th - IADA Bulletin - Coronavirus Aid, Relief and Economic Security (CARES) Act
• March 26th - Illinois Department of Revenue Extends Illinois Income Tax Deadline
• March 25th - U.S. Department of Labor Publishes Guidance on Paid Sick Leave and Expanded Family Medical Leave 

See all posts previous to 3/25 from IADA.

ADDITIONAL RESOURCES

• WEBINARS 
  • Resources for Small Businesses Impacted by COVID-19 free webinar
    • 3/31 @ 1:00 p.m.
  • DHG Dealerships Webinar on CARES Act and Its Impact on Dealerships
    • 4/1 @ 9:00 a.m. or 4/1 @ 2:00 p.m.
• NADA - Coronavirus Hub
  • Resource Page
  • CARES Act - preliminary summary of Small Business Loan Provisions & Tax Provisions Applicable to all businesses
  • Attached memo -analysis of the 500 – employee size limit in the small business loan section of the CARES Act and how it applies to dealers
• IDES: COVID-19 AND UNEMPLOYMENT BENEFITS
  • Executive Order 2020-07
    Section 5. During the duration of the Gubernatorial Disaster Proclamation, the provision of the Unemployment Insurance Act, 820 ILCS 405/500(D), requiring a one-week waiting period for unemployment insurance claims is suspended for claimants who are unemployed and who are otherwise eligible for unemployment insurance benefits.
• CORONAVIRUS RESOURCE CENTER
  • 5 COVID-19 Coronavirus-related training courses available to the public (including non-KPA clients) for free
  • A resource package including a COVID-19 Coronavirus Workplace Prevention and Hygiene Training Packet, Facility Hygiene & Readiness Checklist, and Personal Health & Hygiene Checklist
• CENTER FOR DISEASE CONTROL AND PREVENTION

IADA LEGISLATIVE NEWS

Information and status on the $10,000 Trade-in Cap

Documentary Service Fee Increases to $300
IADA-backed legislation to increase the “Doc Fee” to $300, started January 1^st, remained intact, despite concern that the Doc Fee increase would get rolled back. The Doc Fee increase will help to reimburse dealers for the ever-expanding list of State and federal mandates related to the sale of motor vehicles.