JANUARY 24, 2012

IN THIS ISSUE

DEALER NEWS & INFORMATION

– Auto Industry News at a Glance

NADA / ATD CONVENTION

– Colorado and Utah Dealer Breakfast

– Super Bowl Party Hosted by CADA

REGULATORY & LEGAL UPDATES

– Updated Sales/Use Tax Summary List, Form DR1002 Now Available

– Reminder of Databases Providing Tax Rates by Address

– NADA Reminds Dealers to Protect Their Data

UPCOMING SEMINARS
– Innovative Dealer Summit

CALENDAR OF EVENTS

– Upcoming Events

– 2012 NADA and ATD Convention & Expo

– Colorado and Utah Dealer Breakfast

– Denver Auto Show

DEALER MILESTONES,
HIGHLIGHTS & TRANSITIONS

–Share Your Accomplishmens

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


www.aiada.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
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Friday, 7 a.m. to 4 p.m.

CADA STAFF

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or suggestions regarding this
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contact Lauren Stadler at
lauren.stadler@coloradodealers.org

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ENDORSED VENDOR/PROGRAMS

CLICK HERE for information about the
Endorsed Vendors/Programs.

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CLICK HERE to access the web-based version.

CADA Open Road is now beginning its sixth year of service, providing uninterrupted weekly news and information for Colorado automotive professionals to better compete in our industry, since January 3, 2007.

 AUTO INDUSTRY 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.

COLORADO AUTO DEALERS REGISTER HERE!

UTAH AUTO DEALERS REGISTER HERE!

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REGISTER NOW!

UPDATED SALES/USE TAX SUMMARY LIST, FORM DR1002 NOW AVAILABLE
Latest revision, Jan. 18, 2012 Reflects January 1st Tax Changes

The Colorado Department of Revenue updates a listing of sales/use tax rates by jurisdiction within a few weeks of those changes—January 1st and July 1st each year.  While most dealers primarily rely upon tax databases that provide rates by specific address (see article below), this list can serve as a quick reference.  Note that this summary includes a list of all home-rule cities that are self-collected – but while it includes sales tax rates in those jurisdictions, it does not list the respective use tax, if one exists.   The latest update is available at:   http://www.colorado.gov/cms/forms/dor-tax/dr1002.pdf

**ALERT:  The state IDS system as of last week had not been updated to remove the .1% Football district tax.  With the exception of leases that were made on or before Dec. 31, 2011, as of January 1, 2012, this tax should no longer be collected.  Visit, Open Road, Dec. 6, 2011 for more on this and other recent changes.

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REMINDER OF DATABASES PROVIDING TAX RATES BY ADDRESS

As a reminder, there are currently two primary sources of tax rate data by address—one provided by the state and the other source third party companies.  On occasion, one may be more accurate than the other; the best recommendation is to check both whenever possible and try to say on top of changes.  CLICK HERE  for links to certified, third party companies providing Colorado tax rates by address—there are currently two.  

Group 1 (a Pitney Bowes Company).  Of the two third party company solutions, Group 1’s service is currently offered at no cost.  This database continues to be updated regularly and must maintain 95% reliability to retain its ‘certified’ status.  Registration for the Group 1 solution is available at:  http://taxco.g1.com/COTaxLookup/CentrusDemo.aspx

State Address Locator/ Integrated Data System
Most counties rely on their own, internal tax “locator files” that in-turn feed into the state IDS (Integrated Data System).  Typically, IDS is being maintained and updated, but on occasion, some updates do not make it onto the state system.  It is still advised that dealerships retain access to and check both IDS and Group1 when possible to identify potential tax discrepancies before sending title paperwork.   Note that the state IDS system does not include use tax rates.  Visit the link below for more information—and please be sure to report any discrepancies between IDS and Group 1 to CADA so we can report to the relevant database provider.   

DOR Memo, Dec. 31, 2008, IDS Locator Address Tax Records System
***IDS (INTEGRATED DATA SYSTEM) LOCATOR ADDRESS TAX RECORDS (LATR) ***
The program appears in the drop down menu after you sign into IDS at http://ids.dor.state.co.us the title of this item is Locator Address Tax Records (LATR). To register for the IDS program, use the web site at: http://ids.dor.state.co.us and sign up using the “New User” IDS Link.

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NADA REMINDS DEALERS TO PROTECT THEIR DATA

Regulatory Affairs has prepared and disseminated to NADA members a Dealer Alert entitled “Are You In Control of Your Data?” This alert, which follows a similar 2005 alert that NADA issued, reminds dealers of the critical importance of knowing who can access data in their DMS, how that data is used, and what federal and state restrictions may apply to such usage. The alert also explains the availability of extensive educational resources on this and other regulatory compliance topics at: www.nadauniversity.com and www.nada.org/regulatoryaffairs.

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If you have questions on any legal or regulatory topic, please contact:

• Tammi McCoy, Vice Pres., tammi.mccoy@coloradodealers.org, 303.282.1449
• Tim Jackson, President, tim.jackson@coloradodealers.org, 303.282.1448

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

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TO REGISTER ONLINE FOR ANY CADA SEMINAR OR EVENT, PLEASE VISIT: www.coloradodealers.org/registration

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

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.

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