Louisiana House Bill HB691

Louisiana 2010 Regular Session

• Introduced: 3/29/10
• Refer: 3/29/10
• Report Pass: 4/5/10

Caption

Provides for changes to fees charged by the La. Used Motor Vehicle Commission (EG +$267,500 SG RV See Note)

Impact

The changes brought about by HB 691 are expected to enhance the regulatory framework governing motor vehicle transactions in Louisiana. By increasing the licensing fees for used motor vehicle dealers and rental dealers, the bill aims to generate additional revenue for the commission, which is estimated to increase state revenue by approximately $267,500. These adjustments may lead to improved oversight and regulation within the used vehicle market, ensuring that dealers comply with both state and federal standards.

Summary

House Bill 691 amends existing legislation governing the Louisiana Used Motor Vehicle Commission. The bill introduces changes to the fees charged for licenses required for used motor vehicle dealers, including the licensing of rental motor vehicle dealers for the first time. Additionally, it establishes new fees for displaying vehicles off-premises, which aims to streamline the operations of motor vehicle dealers in the state.

Sentiment

Overall, the sentiment surrounding HB 691 appears to be neutral to positive among legislators and stakeholders who advocate for better regulation of the motor vehicle industry. Supporters argue that the increased fees are justified given the need for enhanced regulatory capabilities and consumer protections. Critics, however, might express concerns about the financial burden these fee increases could impose on smaller dealers, particularly rental vehicle businesses trying to navigate additional costs.

Contention

A notable point of contention surrounding this bill is its impact on the financial viability of smaller used motor vehicle dealers and rental operators. While the increased fees could bolster regulatory funds, opponents may argue that the higher costs could discourage new businesses from entering the market or exacerbate financial challenges for existing dealers. This tension reflects the ongoing debate between the necessity of regulatory oversight and the economic pressures faced by businesses in the motor vehicle sector.