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www.IllinoisDealers.com
Join our mailing list!
Do you know of other member dealership employees who should be receiving the IADA Electronic Bulletins? Let us know! Send an email to Meghan Sander (msander@illinoisdealers.com), Director of Communication, with the contact information of people who should be on our distribution list.
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2020 IADA OFFICERS
Chairman
Mike Ettleson
Ettleson Cad-Bu-GMC, Inc.
Hodgkins
Vice Chairman
Rick Yemm
Yemm Chev-Bu-GMC-Chry-Jeep
Galesburg
Treasurer/Secretary
Sean Grant
Landmark Chry-Jeep-Fiat
Springfield
President
Peter Sander
IADA
Springfield
IADA Staff Contacts:
Ph# 1-800-252-8944
Pete Sander
President
Ext. 103
psander@illinoisdealers.com
Larry Doll
Legal
Ext. 105
ldoll@illinoisdealers.com
Mark Harting
Administrative Services
Ext. 110
mharting@illinoisdealers.com
Mike Healey
Member Services
Ext. 107
mhealey@illinoisdealers.com
Joe McMahon
Legislative
Ext. 113
jmcmahon@illinoisdealers.com
Meghan Sander
Member Communications
Ext. 109
msander@illinoisdealers.com
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Your IADA Partner
Moving Vehicle Registration into the future
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March 26, 2020 Volume 2020, Issue 7
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Coronavirus Aid, Relief, and Economic Security (CARES) Act
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The United States Senate passed the Coronavirus Aid, Relief, and Economic Security Act on March 25th. The CARES Act still needs to pass out of the House of Representatives before it can be sent to the President to sign it into law. The legislation could be amended in the House before it is delivered to the President, so we will refrain from summarizing the Act at this point in order to avoid possible confusion. That said, whatever the final form of the CARES Act takes, the President is expected to sign it into law very quickly.
The CARES Act is expected to include Small Business Loans that will have terms that would be very favorable to borrowers. Demand for the SBA loans is expected to be high. While the CARES Act is making its way through Congress, this is a good time to reach out to your local banker to inquire about the small business loan provisions and determine your next steps if you are thinking about participating in the program.
IADA will keep you posted as additional information becomes available. For prior IADA guidance on Coronavirus news, please visit our website at www.illinoisdealers.com. |
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Illinois Department of Revenue Extends Illinois Income Tax Deadline
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On March 25th, the Illinois Department of Revenue announced an extension of the filing and payment deadlines for Illinois Income Tax to July 15th, 2020, to match the recently extended federal income tax deadline. The extended deadline applies to all individual returns, trusts, and corporations. The Department's automatic extension does NOT apply to the first and second installments of estimated taxes that are due on April 15th and June 15th. Additional information about the Illinois Income Tax extension is available on the Department of Revenue website, click here. |
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