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SB 707 - This act modifies provisions relating to vehicle sales. SALES TAX ALLOWANCES (Section 144.025) This act extends, from 180 days to 1 year, the time period in which a person may apply a sales tax allowance when titling a subsequent motor vehicle, trailer, boat, or outboard motor. MOTOR VEHICLE DEALERS (Sections 301.213, 301.550, 301.553, 301.557, 301.559, 301.560, 301.562, 301.563, 301.564, 301.566, 301.568, and 301.570) This act raises, from $25,000 to $50,000, the bond required for licensure as a motor vehicle dealer. The act also raises, from 6 to 24, the number of motor vehicle sales required as evidence a person is engaged in the motor vehicle business and eligible for licensure or renewal as a motor vehicle dealer. This act requires motor vehicle dealer license applicants to submit their regular business hours, and a phone number and email address where the applicant can be contacted during regular business hours. Applicants shall maintain a working telephone number during the entire registration year which will allow the public, the Department of Revenue, and law enforcement to contact the applicant during regular business hours, and shall maintain an email address that may be used for official correspondence with the department. This act modifies the classifications of vehicle dealers to which the Department of Revenue shall assign certain distinctive dealer license numbers. The act specifies that motor vehicle dealer licenses may, rather than shall, be suspended or revoked following a hearing on allegations of certain violations of the dealer licensure law. This act modifies the law with regard to off-premise vehicle shows and sales. Motor vehicle dealers may participate in up to two motor vehicle sales or shows annually and conduct sales away from the dealer's registered place of business, which for purposes of this section shall be considered "off-premise events" under certain circumstances. Such events shall be conducted for not more than 5 consecutive days, the event shall not require an unreasonably prohibitive participation fee, a majority of the dealers within a class located within a certain distance of the event participate or are notified at least 45 days in advance and have the opportunity to participate, and the organizer of the event provides a copy of the notice to the Director of the Department of Revenue. No dealer shall participate in an off-premise event more than 10 miles from its licensed location. Recreational vehicle dealers may participate even if a majority of recreational vehicle dealers in the city or town do not. These provisions are similar to provisions in SB 492 (2017), HCS/SCS/SB 399 (2017), and HB 1034 (2017). ERIC VANDER WEERD
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