Discretionary Sales Surtax

The Department of Revenue (DOR) recently released an updated Discretionary Sales Surtax Information for Calendar Year 2024. Make sure your dealerships are up-to-date with this revised information for any surtax rate changes.

Partial Sales Tax Exemption to Out-of-State Customers

The Motor Vehicle Sales Tax Rates by State (Reciprocity List) is an annual Tax Information Publication published by the Florida Department of Revenue. The most recent copy of this list was revised December 27, 2023. Make sure you are using the correct version.



Read FADA's article on "Sales and Use Tax for Out-of-State Residents" for more information.

IRS Guidance for 2023 Annual Clean Vehicle Sales Report

The IRS dropped long-awaited guidance for the 2023 clean vehicle sales reports. The deadline for these reports has been extended to January 31, 2024, giving sellers more time to ensure their qualifying clean vehicle sales are accounted for to claim the clean vehicle credit.

Sellers need to file these reports within fifteen days after the year-end to make their vehicles eligible for the clean vehicle credit under § 30D or § 25E (as per Rev. Proc. 2022-42). Originally due by January 15, 2024, the IRS has pushed the deadline, making it crucial for dealers to submit their reports by January 31, 2024.

Looking for guidance on how to submit? The IRS has outlined the process: reports should be emailed to IRS.Clean.Vehicles.Seller.Reporting@IRS.gov. They prefer an Excel spreadsheet containing all the necessary data from seller reports prepared in 2023. Alternatively, dealers can provide copies of Form 15400 or equivalent forms used in 2023, or reasonable alternatives to Form 15400 if previously utilized for seller reports to buyers.

IRS Office Hours for 2024 EV Sales

The IRS is opening up additional office hours to help dealers and sellers with time-of-sale reporting. Representatives from the IRS will show a short overview of the process and be available to answer questions. All sessions take place from 2-2:30 p.m. EST. Upcoming sessions are 1/16, 1/17, and 1/18.

Dealers Doing Good

Honoring Miami Lakes veterans, Headquarter Toyota and Judy Farcus Serra proudly planned and sponsored the Reindeer Run 5K with a $10,000 donation. Proceeds bring joy and scholarships for their children. Kudos to their commitment to our heroes!

In the spirit of the giving season, Craig Zinn Automotive Group and its dealerships held its annual holiday toy drive. Each dealership served as a drop-off location. The donations were gifted to the patients at Joe DiMaggio Children’s Hospital.

Distributed 1/10/24