NC S305

Establishes a License Plate Agent (LPA) Advisory Committee consisting of Division of Motor Vehicles staff and six members appointed by the North Carolina Association of Motor Vehicle Registration Contractors to meet quarterly and review vehicle titling and registration services and forms.

Modifies compensation rates for commission contractors issuing vehicle titles and registrations, establishing separate transaction rates of $1.27 for highway use tax collection and $0.71 for property tax collection, with a base rate of $1.43 for combined transactions.

Adds "T" sticker issuance for limited registration as a separate compensable transaction at $1.27 paid by counties and municipalities as a cost of the combined motor vehicle registration and property tax collection system.

Directs the Division and LPA Advisory Committee to review standard operating procedures and recommend a process requiring the Division to provide notice and receive comments before implementing changes to contractor procedures.

Directs the Revenue Laws Study Committee to study per transaction compensation amounts in commission contracts and report findings to the 2014 Regular Session.