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Mike Ettleson
Ettleson Cad-Bu-GMC, Inc.

Vice Chairman
Rick Yemm
Yemm Chev-Bu-GMC-Chry-Jeep


Sean Grant
Landmark Chry-Jeep-Fiat

Peter Sander

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Pete Sander
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Larry Doll
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Mark Harting
Administrative Services
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Mike Healey
Member Services
Ext. 107

Joe McMahon
Ext. 113

Meghan Sander
Member Communications
Ext. 109


Your IADA Partner
Moving Vehicle Registration into the future

May 22, 2020   Volume 2020, Issue 15

  Illinois Legislature Fails to Address Dealer Issue  
  As the Illinois Legislature begins to wrap up its special three-day session, as of this writing on Friday afternoon, the Illinois Legislature has not scheduled a Senate vote on SB 2481, which would repeal the $10,000 trade in cap on motor vehicle trade-in credits. The sponsor, Senator Tony Muñoz (D) Chicago, has tried to move the legislation but to no avail at this time.

The session is scheduled to end today, however, the legislature may continue the session over a portion of the weekend.  If anything new develops, we will notify you.

There was a development by a few Senators attempting to consider eliminating the retailer's collection allowance, however, it appears this issue will not be considered during this abbreviated session.



  Updates of PPP Loans: Use of Proceeds and Forgiveness  
  NADA updated its analysis of Paycheck Protection Program loans to reflect the Small Business Administration and Treasury Department's forgiveness application documents published on May 16. 

NADA urges dealers to review these items carefully and provide the application and accompanying documents to their legal and accounting advisors. NADA's analysis will be updated as more federal guidance is released.



  NEW DOL Rule on Fluctuating Workweek Method of Computing Overtime  
  On May 20 the U.S. Department of Labor Wage and Hour Division issued a rule allowing employers to pay bonuses and other incentive-based pay to salaried, nonexempt employees whose hours vary from week to week. It expressly states that employers can pay bonuses, premium payments, commissions or hazard pay to salaried employees compensated using the fluctuating workweek method of compensation, thereby eliminating any disincentive and providing greater flexibility for employers to provide such additional compensation.

The new rule is responsive to comments filed by NADA in 2019 urging DOL to issue a clarification in light of the varied case law and administrative interpretations on the fluctuating workweek method. Dealerships often provide bonuses and incentive payments to employees who do not fall neatly into fixed "wages" or "salary." These forms of pay are valuable in that they reward employee performance, enhance company culture and promote professionalism. 

NADA recognizes that most salaried dealership employees are covered by one or more of the federal exemptions from overtime pay, but suggests that this new rule can benefit certain nonexempt salaried employees. Given the state-by-state variations that exist with respect to wage and hour law, dealers should consult with their labor counsel regarding the new DOL rule's application to their operations. 



  Happy Memorial Day!  
As we approach Memorial Day, we express our deep appreciation and heartfelt gratitude for those who have given their lives in service to the United States of America and for the sacrifices of their families who remain. It is important for us to take a moment to remember those who have secured our freedoms by giving their lives for that freedom. Memorial Day is set aside to remember those who have given the ultimate sacrifice in defense of our great Nation.