Pub. 1 2019-20 Issue 3

http://wvcar.com WVADA 6 Commercial Insurance Property & Casualty | Life & Disability Income | Bonding Workers Compensation | Business Succession and Estate Planning Federated Mutual Insurance Company and its subsidiaries* federatedinsurance.com Ward’s 50®Top Performer | A.M. Best®A+ (Superior) Rating 20.01 Ed. 2/20 *Not licensed in all states. © 2019 Federated Mutual Insurance Company Our partnership with your association has one goal: helping your business succeed. You deserve an insurance provider who understands your industry. Put our knowledge and experience to work for you. A Perfect Fit for Protecting Your American Dream Since the inception of this Fund, WVADA has paid out over $253,000 defending multiple issues affecting West Virginia dealers, with COVID-19 serving as the latest. page at wvcar.com/covid-19-2/ . WVADA is committed to providing timely updates as new information and guidance is released, and I strongly encourage dealers to periodically check out our resource page and NADA’s Coronavirus Hub at nada.org/coronavirus/ . Approximately 120 members participated in the webinars and 33 dealers utilized the complimentary legal guidance provided by the Legal Defense Fund. Since the inception of this Fund, WVADA has paid out over $253,000 defending multiple issues affecting West Virginia dealers, with COVID-19 serving as the latest. Funds for the Legal Defense are generated from $1 contributions for each new and used vehicle retailed quarterly. In addition to aiding dealers during COVID-19, the Legal Defense is also assisting border dealers against the Ohio Department of Taxation regarding the Consumer Activity Tax (CAT), which is an annual privilege tax by gross receipts on business activities. West Virginia dealers are receiving bills from the Ohio Department of Taxation for selling vehicles to Ohioans. To date, the Legal Defense Fund has spent more than $63,000 defending our border dealers against this inequitable CAT. This fund was created to protect our members and their investments for future legal costs incurred on behalf of the franchised dealers in West Virginia. One dollar per new and used vehicle retailed is a worthwhile contribution that has, and will continue, to defend our members’ interests. Again, I applaud Governor Justice for working with WVADA and all dealers throughout West Virginia for utilizing safe and innovative measures. WVADA stands ready to continue to represent and serve its franchised dealer members. Be Well and Stay Safe, Jared Wyrick t