Latest News Stories

The IRS recently issued temporary and proposed regulations on the recapture of excess employment tax credits under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The regulations cover the reconciling of advance payments of the acts’ refundable employment tax credits and...

Wholesale Auto Supply Co. (WASCO), an automotive supply, equipment and services provider, recently installed a 125-panel rooftop solar energy system that went online July 18, 2020. The system will generate nearly 99% of the electrical needs of the company’s 30,000-square-foot headquarters in South Hackensack. An independent audit found that WASCO’s...

A July 23, 2020 Small Business Administration (SBA) Procedural Notice outlines the process Paycheck Protection Program (PPP) lenders must use to review loan forgiveness applications.  The Notice also indicates lenders may begin submitting loan forgiveness decisions to SBA on August 10, 2020. Dealerships with PPP loans should review the...

Just a quick reminder that NJMVC Chair and Chief Administrator Sue Fulton recently signed Administrative Order 2020-06, which extends the expiration dates of various valid New Jersey driver licenses, non-driver IDs and permits, as well temporary vehicle registrations and vehicle inspection stickers. Any applicable...

The New Jersey Economic Development Authority (NJEDA) recently issued a request for information on zero-emission medium- and heavy-duty vehicles.  The EDA is looking for input on how to electrify trucks and off-road equipment used at ports, airports and distribution centers. Based on the feedback they receive, the authority will consider how...

Following up on two-year investigation and sting operation conducted in March 2019, Attorney General Gurbir Grewal and the NJDEP sued Manheim Remarketing, Inc., the country’s largest vehicle auction company for its role in facilitating the sale of more than 200 vehicles (between December 2016 and March 2019) whose emission...