GM DEALERS - Obtaining Necessary Certificates from DOR and L&I According to Wind-Down Agreements
In order to receive the final wind-down payment amount, GM requires wind-down dealers, amongst other requirements, to comply “with all applicable bulk transfer, sales tax transfer or similar laws.”
The Pennsylvania Department of Revenue has ruled that Pennsylvania’s Fiscal Code is not applicable to the wind-down transaction (see attached Department of Revenue ruling).
However, GM is requesting that dealers provide from the Department of Revenue a Lien Certificate, for corporate taxes, and a Statement of Account, for sales and use tax. In addition, dealers will need to obtain a Clearance Certificate from the Department of Labor & Industry. PAA worked with the Department of Revenue and Labor & Industry to establish an expedited process for securing the necessary information.
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