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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.
 
     
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

 
     

Your IADA Partner
Moving Vehicle Registration into the future






 
March 26, 2020   Volume 2020, Issue 7

  Coronavirus Aid, Relief, and Economic Security (CARES) Act  
  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  
  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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