Kentucky Automobile Dealers Association | Frankfort, KY  40601
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 Dealer Alerts

Important Updates from the KADA Legal Counsel

Important Changes to Your Sales Tax Obligations

As a result of legislative changes to Kentucky’s tax code that—among other things—expanded the definition of taxable warranty contracts across many industries, including making contracts relating to real property taxable, dealers will need to begin charging sales tax on sales of ALL extended warranty contracts beginning January 1, 2023. While this is a significant change from prior law (which required Kentucky sales tax to be charged only on extended warranty contracts on vehicles being titled in Kentucky or states with whom Kentucky had reciprocity), it will perhaps make the issue simpler going forward.

Below you'll find the full Alert, the webinar we hosted alongside our legal counsel, and a quick FAQs sheet to answer your questions.
Full Dealer Alert
Webinar Recording
Quick FAQs

FTC Amended Safeguards Rule

In December 2021, the FTC enacted amendments to the “Safeguards Rule” to the Gramm-Leach-Bliley Act. These amendments, some of which became effective January 10, 2022, greatly expand the information security program requirements for dealers. More importantly, dealers must be in compliance with the majority of the revised Safeguards Rule NOW by June 9, 2023. The FTC announced it is extending the December deadline by six months.

There are still important steps dealers must take in advance of this date to be in compliance by the deadline. This series of materials has been created to help your dealership with the appropriate planning and implementation of the necessary policies and procedures required by the amended Safeguards.

The Amended FTC Safeguards Rule Overview: Everything You Need to Know
FTC Safeguards Rule Overview: Everything You Need to Know
File Size: 50 kb
File Type: pdf
Download File


Winter is Coming Part 1: What is December 9, 2022 and What Should I Be Doing to Prepare?
Dealer Alert: Winter is Coming Part 1
File Size: 386 kb
File Type: pdf
Download File

Winter is Coming Part 2: What is a Qualified Individual and Why Do I Need One?
Dealer Alert: Winter is Coming part 2
File Size: 293 kb
File Type: pdf
Download File

Winter is Coming Part 3: Assessing Your Risk Assessment
Dealer Alert: Winter is Coming Part 3
File Size: 291 kb
File Type: pdf
Download File

Winter is Coming Part 4: Mandatory Safeguards and an Acronym You Never Knew You Needed
Dealer Alert: Winter is Coming Part 4
File Size: 297 kb
File Type: pdf
Download File

Winter is Coming Part 5: Testing the System
Dealer Alert: Winter is Coming Part 5
File Size: 290 kb
File Type: pdf
Download File

Winter is Coming Part 6: The New PPP - Policies and Procedures for Personnel
Dealer Alert: Winter is Coming Part 6
File Size: 297 kb
File Type: pdf
Download File

Winter is Coming Part 7: Overseeing Your Service Provider
Dealer Alert: Winter is Coming Part 7
File Size: 293 kb
File Type: pdf
Download File

Winter is Coming Part 8: There's Been an Incident, Now What?
Dealer Alert: Winter is Coming Part 8
File Size: 292 kb
File Type: pdf
Download File

Winter is Coming Part 9: Finally some R&R - Reporting Requirements
Dealer Alert: Winter is Coming Part 8
File Size: 291 kb
File Type: pdf
Download File

Copyright Kentucky Automobile Dealers Association.  All Rights Reserved.
152 Consumer Lane  | Frankfort, KY 40601
Phone: (502) 695-3333  |  Fax:  502-695-5790  |  

Picture
  • Home
  • About Us
    • About Us
    • Board of Directors >
      • Committees
    • KADA Staff
  • Membership
    • Member Benefits
    • Membership Application
  • ADVOCACY
    • KADET (PAC)
    • Dealer Alerts
    • Capitol Briefs
    • Congressional Districts
  • EVENTS & EDUCATION
    • KADA Convention >
      • KADA Registration
      • Hotel Reservation
      • Sponsorship 2023
    • Upcoming Events >
      • KADA GOLF TOURNAMENT
    • EDUCATIONAL OPPORTUNITIES >
      • Past Webinars
  • RESOURCES
    • Magazine, Newsletter, Podcast
    • Industry News
    • Allied Member Listing
    • Preferred Partner Programs
    • KADA Forms Library
    • Useful Links
  • Contact Us