HB2267 Summary

• Requires public consignment auction dealers to provide written notice to the Department of Transportation and Department of Revenue within 15 days of transferring a motor vehicle, with penalties of $8 for the first month and $4 per additional month (capped at $100) for failure to comply.

• Mandates dealers obtain documentation showing the seller is the legal owner of the vehicle and provide written notice to purchasers at delivery that includes the vehicle VIN, bid price, commissions, and salvage status.

• Establishes enforcement authority allowing the director to suspend or cancel a dealer's license or impose civil penalties of $1,000 to $3,000 for violations of the section requirements.

• Authorizes the Department of Revenue to disclose confidential tax information to the Department of Transportation for administering taxes, surcharges, and penalties under title 28.

• Allows public consignment auction dealers to claim a motor vehicle sales tax deduction by submitting and retaining a valid certificate prescribed by the Department of Revenue.