Louisiana 2017 2017 Regular Session

Louisiana House Bill HB388 Comm Sub / Analysis

                    DIGEST
The digest printed below was prepared by House Legislative Services.  It constitutes no part of the
legislative instrument.  The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
HB 388 Engrossed	2017 Regular Session	Carmody
Abstract:  Requires the La. Used Motor Vehicle Commission to report certain information collected
from salvage pools and salvage disposal sales transactions.
Present law declares, "In the event a bid card is not required in order to purchase a vehicle, a
transaction fee of five dollars shall be collected and remitted monthly, electronically or otherwise,
and transmitted to the commission by the owner or operator of the salvage pool in connection with
the sale of each vehicle" (R.S. 32:808(B)).
Proposed law requires the La. Used Motor Vehicle Commission (commission) to report monthly to
the Dept. of Revenue and to the office of motor vehicles certain information for each transaction fee
collected pursuant to present law.
Proposed law requires the information to include a register of all sales of motor vehicles for three
years from the date of sale, showing the make, model, year, body style, vehicle identification
number, odometer reading, and the name and address of the seller and buyer.  Salvage pools and
salvage disposal sales are required to keep this information pursuant to present law (R.S. 32:808(A)).
(Adds R.S. 32:808(C))