Overview of The “Build Up Mississippi Act”
Thank you to Serena Flowers of https://www.consultantsjxn.com/ for the important summary. Bill Summary The “Build Up Mississippi Act” aims to address funding and taxation frameworks for local governments in Mississippi by instituting a 1.5% sales tax on gross proceeds from sales within municipalities and unincorporated areas effective July 1, 2026, while allowing local authorities to opt-out. The act... Read More
Mississippi Enacts Landmark Tax Reform
Governor Tate Reeves (R) signed House Bill 1 into law, setting Mississippi on a path to eliminating its income tax. “This is a generational shift,” Reeves said, placing the state among a select few without income taxes. Key Changes: Income Tax Reduction: Flat rate drops from 4.4% in 2024 to 3% by 2030, with potential... Read More
MSIADA Partners Update: PassTime® and PayNearMe Enhance Partnership with Integrated Text Payments
LITTLETON, Colorado—March 25, 2025—PassTime®, a leading provider of asset tracking solutions announced today that it has expanded its integrated solutions with PayNearMe, the fintech company bringing progress to payments. The upgraded integration for customers in the auto finance industry will incorporate text payment options for consumers. PassTime and PayNearMe have provided integrated... Read More
Celebrating Randy Luster’s Induction into the Madison Ridgeland Academy Sports Hall of Fame
We’re incredibly proud to announce that Randy Luster, the owner of Hazlehurst Auto Sales and Vice President of the Mississippi Independent Auto Dealers Association (MSIADA), was inducted into the Madison Ridgeland Academy (MRA) Sports Hall of Fame this past Friday. Randy’s impressive career includes holding the state record for the 110-meter high hurdles, a title... Read More
President Trump signed an Executive Order titled Unleashing American Energy: MSIADA Analysis
President Trump signed an Executive Order titled Unleashing American Energy. Here is the specific language from the EO: From Unleashing American Energy By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Background. America is blessed with an abundance of... Read More
MSIADA Vendor News: TrueSpot and PassTime® Announce Strategic Partnership
TrueSpot and PassTime® Announce Strategic Partnership to Deliver Next-Level Location and Asset Tracking Solutions to Automotive Dealers Irving, Texas, and Littleton, Colorado – 1/7/2025 — TrueSpot, an award-winning pioneer in real-time location services (RTLS) technology, and PassTime, an award-winning provider of asset tracking and vehicle monitoring, are pleased to announce a strategic partnership aimed at... Read More
Are YOU Ready for the E Lien Requirements – Learn about it here.
The E Lien act takes effect on January 1, 2025, and your MSIADA is ready to answer your questions and ensure our dealers are compliant. Learn more below. ****House Bill No. 1589 Amendment to Section 63-21-16 MS Code This Act Shall Take Effect January 1, 2025**** Act Amendments: Any lien-holder with an EIN must electronically... Read More
Does your dealership have a high performing team?
MS independent dealers know that dealership success not only relies on ops and inventory, but on the people who make the dealership. Joe Clementi recently wrote a great article for Digital Dealer with some ideas on how to cultivate a high performing dealership team – even when there are key elements of competition. By: Joe Clementi •... Read More
Court Blocks Corporate Transparency Act — A Win For Federalism?
From Forbes Matthew F. Erskine, JD Contributor Matthew F. Erskine is a trusts and estates attorney. In Texas Top Cop Shop v Garland et al. ( case 4:24-cv-00478 December 3, 2024) , the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), questioning its... Read More