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JANUARY 19, 2010
IN THIS ISSUE
 DEALER NEWS & INFORMATION
– Automotive News at a Glance
REGULATORY & LEGAL UPDATES
– Sales/Use Tax Rate/Collection Changes Effective Jan. 1, 2010
– Reminder: Uniform Consumer Credit Code - Notification Filing and Fees DUE January 31, 2010
LEGISLATIVE UPDATE
– And They're Off!
– Mark Your Calendars - Next LPC Meeting is 2/17/10
– Dealer Briefing at the Capitol, Save the Date!
UPCOMING SEMINARS
– Tell Us What You Need!
CALENDAR OF EVENTS
– Upcoming Events
– Dealer Briefing at the Capitol
– NADA Convention and Exposition
– Colorado Dealer Breakfast - NADA Convention 2010
– CADA Legislative Policy Committee Meeting
– Denver Auto Show
– CADA 2010 Annual Golf Tournament
DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS
–Share Your Accomplishments
THE AFTERFACT
–All the News That's Fit to Email!
ARCHIVES
CLICK HERE for Open Road
e-newsletter archives.
CLICK HERE for an Index of Regulatory
& Legal Articles from the Open
Road e-newsletter.
CLICK HERE for Bulletin archives.
CLICK HERE for Colorado Auto
Outlook archives.
CLICK HERE for Denver Auto
Outlook archives.
ONLINE REGISTRATION
CLICK HERE to register online
for various CADA seminars & events.
MEMBERSHIP RESOURCES
CLICK HERE for details on the
Speaker and Educational
Resources.
CLICK HERE for a list of current
Endorsed Vendors/Programs.
CLICK HERE for a list of current
Allied Members.
CLICK HERE for an order form for
CADA forms.
CLICK HERE for information on all member services.
www.nada.org
CLICK HERE for NADA
Regulatory Affairs information.
STATE GOVERNMENT RESOURCES
CLICK HERE for the Auto Industry
Division of the Colorado Dept.
of Revenue.
CLICK HERE for the Title and
Registration section of the
Colorado Dept. of Revenue,
Motor Vehicles Division.
CLICK HERE for the Colorado
Department of Labor &
Employment website.
Visit us at www.coloradodealers.org.
CADA Hours of Operation
Monday to Thursday, 7 a.m. to 5 p.m.
Friday, 7 a.m. to 4 p.m.
CADA STAFF
CLICK HERE for a CADA staff listing
If you have questions
or suggestions regarding this
e-newsletter, please
contact Lauren Stadler at
lauren.stadler@coloradodealers.org
CLICK HERE or scroll to the bottom
of this page if you want to be
added or removed from our list.
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ENDORSED VENDOR/PROGRAMS
CLICK HERE for information about the
Endorsed Vendors/Programs.
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If you have trouble viewing any of the links or documents in this e-newsletter, please CLICK HERE to access the web-based version.
AUTOMOTIVE NEWS AT A GLANCE
Listed here are several articles pertaining to the
auto industry in general that appeared recently in newspapers and other media outlets across the nation.
SALES/USE TAX RATE/COLLECTION CHANGES EFFECTIVE JAN. 1, 2010
The Department of Revenue, Division of Taxation summary of sales/use tax changes effective January 1, 2010 is included below. State-collected taxing jurisdictions can only change rates on January 1st and July 1st of each year; dealerships are reminded to check the following state web site near those dates to look for new changes:
http://www.colorado.gov/revenue/tax (look under “News and Announcements”)
While self-collected, home-rule jurisdictions can make changes more frequently, the state includes those changes whenever possible in these updates. The DR 1002, summary of all Sales/Use tax rates has not yet been updated. Visit the following state site for state tax forms – you can search by number or title of form:
http://www.colorado.gov/cs/Satellite/Revenue/REVX/1177017542056
Most changes below were various localities reducing or eliminating the amount of their Vendor/Service Fee.
January 1, 2010 Sales/Use Tax changes
**NOTE: In the tables below, Service Fee is the same as the “Vendor Fee”, the amount that businesses can withhold to help offset the costs of collecting and remitting taxes.
STATE COLLECTED HIGHLIGHTED ITEMS INDICATED SALES TAX CHANGES
City Tax
| |
TAX RATE |
EXEMPT* |
USE TAX |
SERVICE FEE |
| Fountain (Sales tax increase from 3%) |
3.75% |
A-B-C-K |
Y-Z 2% |
0 |
| Mountain View (New use tax Z on building materials) |
4% |
None |
Y-Z 3% |
3 1/3% |
| Nederland (Service fee reduced from 3 1/3%) |
3.75% |
None |
Y-Z 3% |
0 |
| Platteville (Sales tax increase from 2%) |
3% |
None |
Z 2% |
3 1/3% |
County Sales Tax
| |
TAX RATE |
EXEMPT* |
USE TAX |
SERVICE FEE |
| Huerfano County (Sales tax increase from 1%) |
2% |
None |
None |
3 1/3% |
| Larimer County (Service fee reduced from 3 1/3%) |
.8% |
A-B-C-D-E-F-G-H-K |
Y-Z .8% |
0 |
| Logan County (New exemption M for school related sales) |
1% |
E-M |
Y-Z 1% |
0 |
| Pitkin County (Service fee for Pitkin county and MTS reduced from 3 1/3%) |
3.6% |
None |
Y-Z .5%8 |
0 |
| Pitkin County in Basalt (Service fee for Pitkin county and MTS reduced from 3 1/3%) |
2.6% |
None |
Y-Z .5%8 |
0 |
Special District Tax
| |
TAX RATE |
EXEMPT* |
USE TAX |
SERVICE FEE |
| RTD/CD/FD (Service fee reduced from 3 1/3% for RTD, CD, and FD individual and/or combined areas effective October 1, 2009) |
1.2% |
A-C-D-E-F-K-L-M |
Same as State |
0 |
SELF COLLECTED
| |
TAX RATE |
SERVICE FEE |
LICENSE FEE |
| Aspen (Sales tax reduced from 2.2% effective September 1, 2009) |
2.1% |
3.3%6 |
W |
| Crested Butte (Service fee reduced from 3 1/3%) |
4% |
1.5% |
0 |
| Denver (Service fee reduced from 0.5%, see updated DR 1002 for new office address and telephone number) |
3.62%
4%3
7.25%5 |
0 |
W |
| Edgewater (License fee increased from $15.00) |
3.5% |
2% |
50.00 |
| Englewood (Service fee reduced from 0.5%) |
3.5% |
.25% |
25.00 |
| Fort Collins (Service fee reduced from 1%6) |
3% |
0 |
0 |
| Glenwood Springs (Service fee reduced from 2%6) |
3.7% |
0 |
$12.50 |
| Louisville (Service fee rate reduced from 3 1/3%6) |
3.5% |
0 |
25.00 |
| Mt. Crested Butte (Sales tax increased from 4%) |
5% |
3 1/3% |
0 |
| Sterling (Service fee rate reduced from 2 1/3%) |
3% |
0 |
0 |
As a reminder, dealerships should be utilizing a certified, third party tax database. While this database should be updated with the changes highlighted above, dealership title personnel may want to double check deals in these areas.
Visit this most recent Open Road article for additional information on the third party tax database currently available to provide rate lookups by address.
Dec. 8, 2009 THIRD PARTY TAX JURISDICTION DATABASE: PROXIX SOLUTIONS TERMINATING SERVICE
* * * * * * * *
REMINDER: UNIFORM CONSUMER CREDIT CODE - NOTIFICATION FILING AND FEES DUE JANUARY 31, 2010
A new law went effect January 1, 2010 so that ALL “creditors” (which includes dealerships that arrange financing) MUST file a notification form and fee with the state Attorney General’s office, Uniform Consumer Credit Code Administrator. The previously hard-to-determine volume fee has also been eliminated, with one, flat notice fee of $50.00
The filing fee is due by January 31, 2009 (there is a 30-day grace period; late fees of $5.00/day apply as of March 1st).
Visit the January 5th Open Road article for more details.
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If you have questions on any legal or regulatory topic, please contact:
DISCLAIMER: CADA is not authorized to dispense legal advice.The information contained in this weekly email is intended to provide important updates and reminders regarding statutes, litigation, and regulations. CADA always advises that dealers should consult legal counsel on the specifics of any laws or regulations to ensure proper compliance
 
AND THEY'RE OFF!
The Second Regular Session of the 67th General Assembly convened at the Colorado Capitol in Denver last Wednesday. As required by the Colorado constitution, the legislative session will run continuously for 120 days, ending sometime during the first week of May. CADA’s dealer rights bill was filed on the first day of Session, and carried the most co-sponsors and legislative support of any piece of legislation filed that day. Days later, a joint press release in support of CADA’s dealer bill was sent out by Governor Ritter’s office, the House Majority office and the House Minority office. To view a copy of the press release, please click here.
There were several other bills filed during the first week of Session regarding identity theft, workers compensation/Pinnacol Assurance, and automobile insurance. CADA will be monitoring these bills as they move through the process. For additional questions on any legislation, please contact Melissa Kuipers or Tim Jackson.
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MARK YOUR CALENDARS - NEXT LPC MEETING IS 2/17/10
For the most up-to-date dealer-related legislative information, please attend CADA’s next Legislative Policy Committee meeting on Wednesday, February 17th at 7:30 a.m. at CADA. The LPC is an open forum, round-table style discussion group that meets once a month to discuss the current state of politics in Colorado and how it affects you and your dealership. During the legislative session, your involvement in the LPC is especially critical. Political activism is one of the many benefits you receive from your CADA membership and you can and should have a say in what we do at the Capitol. Especially in light of the historic termination of dealers in 2009, we need you to be a part of our political dialogue. We hope to see you soon!
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DEALER BRIEFING AT THE CAPITOL, SAVE THE DATE!
* * * * * * * *
Questions or Comments? Please contact:
If you have a particular area of interest or would like to suggest a training seminar topic, please contact Lauren Stadler at 303.457.5123 or lauren.stadler@coloradodealers.org
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COLORADO DEALER BREAKFAST - NADA CONVENTION 2010
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LET US HELP YOU SEND ROSES TO YOUR HONEY ON VALENTINE'S DAY!
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| Event Description |
Date/Time |
Location |
Dealer Briefing at the Capitol
|
Jan. 29, 2010
7:15am to 10:00am |
Colorado Capitol,
Room #112
For more information and to RSVP, please contact
Lauren Stadler at 303.457.5123 or
lauren.stadler@coloradodealers.org |
NADA Convention & Exposition
|
Feb. 13-15, 2010 |
Orange County Convention Center, Orlando FL
CLICK HERE for more information from the official website. |
Colorado Dealer Breakfast - NADA Convention 2010
|
Feb. 14, 2010
7:15am - 9:00am |
Rosen Centre Hotel (closest to convention center), Signature 2 Room
9480 International Drive, Orlando, FL
CLICK HERE for more information!
RSVP: Call Lauren Stadler at 303.457.5123 or email
lauren.stadler@coloradodealers.org
rsvp@coloradodealers.org |
CADA Legislative Policy Committee Meeting
|
Wed., Feb. 17
7:30am |
William D. Barrow Building
(CADA Headquarters)
290 E. Speer Blvd
(SW Corner of Grant/Speer), Denver, CO
Phone: 303.831.1722 |
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Wednesday, April 7, 2010
thru
Sunday, April 11, 2010 |
Colorado Convention Center
700 14th Street Denver 80202
CLICK HERE for more information. |
CADA 2010 Annual Golf Tournament
SAVE THE DATE!
|
Monday, August 9, 2010
11:00am-11:45am Registration/Practice
12:00 Noon – Shotgun Start |
Lakewood Country Club
6800 W. 10th Avenue
Lakewood, CO 80214 |
LET US KNOW ABOUT YOUR ACCOMPLISHMENTS!
Have you or anyone else at your dealership won an award recently? Have you or your dealership provided any outstanding community service? We want to recognize such accomplishments. Please send us a brief write-up of the award or event along with any other information to milestones@coloradodealers.org. Also include your contact information for further follow-up.
THE AFTERFACT
- Lexus's $350,000 Sports Car
The Wall Street Journal, January 15
In an effort to create exclusivity, buyers of Lexus's LFA "supercar" must be approved by the brand; those who don't plan to flaunt the car need not apply
- Ford makes tough bid for liberal NYers' affections
Forbes, January 15
The last time Harold Ford Jr. ran for the U.S. Senate, he spoke proudly about his pickup truck, his "friend" President George W. Bush, his support for Chief Justice John Roberts and a voting record that "doesn't describe a liberal."
- Detroit auto show draws steady traffic
The Detroit News, January 16
Thousands streamed into Cobo Center on Saturday morning for the 9 a.m. public opening of the 2010 North American International Auto Show, including Keith Dean, 49, of Southfield, who's attended every year since he was a boy.
- GM To Cut Off Hummer Production Next Week
KMGH Denver Channel 7, January 14
General Motors Co. will halt Hummer production next week at its Louisiana plant until sale of the brand to a Chinese company is completed.
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