Parking brake light is on

Get down and look at parking brake assembly, If you see an electrical connector, unplug it, see if that helps? If it doesn't help or causes other issues just plug it back in.
Of course that isn't the proper fix. If something wrong with parking brake assembly, get it checked out.

The most basic check for this is - is your battery up to 100% efficiency. the handbrake module is notorious for faults with low voltage or voltage dips. Next is to check that the brake pads and cables are free and in good condition (pads not worn too far down) as these can cause fault indications. The fact that the park-brake still works and does not jam on or off would indicate that the major components are still working and may just need some attention and recalibrating. T o try a recalibration of the park brake - disconnect your battery for 10 Min's (make sure you have your radio code as this will be needed on reconnect) when battery reconnected follow the instructions on your driver display panel and see if this improves your problem. hope this helps - good luck.

it should be under a warranty plan I'd expect. You've got a faulty switch or a short have the dealer fix it

The brake light on most vehicles is not only an indicator that the parking brake is on, but that there is a problem with the system.

One possibility is that the e-brake cable might have developed **** and does not pull far enough to release the light. That might involve replacing the entire e-brake cable.

Keep us updated.

parking brake or poss bad brake system at master cyl. or ABS system

This is not a hard answer but I couldn't find it anywhere either so I figured it out.
On the drivers side of the vehicle between the door and the rear wheel, just under the vehicle (outside of the frame) you will see the cable. Locate the nut (it's on a lolong screw-the front of the screw is facing the front of the vehicle) About 6 inches toward the read of that screw attach a vise grip. Then rotate the nut with a 12mm box wrench and shorten the cable. It takes a lot of turns so after every 10 or so check the parking brake pedal. If you are going in the right direction it should stop further fromn the floor each time. The manual says adjust to the point the pedal travels 1/2 way to the floor.Tip- Lube the nut and screw before starting. The nut can be rusted on and may snap if you try too hard. Mine was nice and easy to turn and now the pedal stops 1/2 way to the floor.

Light switch assembly, I would start there. They do fail, and can fail like yours has.

Check your wires, the smoke could mean an electrical fire.

Find a good shop and see if the parking brake ratchet assy is broke. This is common on chevy.. TY

the parking brake spring might be getting week and not pushing it back into full release position and not alowing the park break switch to shut off and the abs light might be a brocken wire,if is a brocken wire usualy broken at wheel.Look behind each wheel and there should be a wire that goes to all four whells to see if any of them are broke or shorting out