By: Pickett, et al. H.B. No. 2963
A BILL TO BE ENTITLED
AN ACT
relating to off-site sales by a dealer for antique or special
interest vehicles that have been subject to a retail sale.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.
Section 503.024(c), Transportation Code, is
amended to read as follows:
(c) For the purposes of Section 503.021, a domiciliary of
another state who holds a dealer license and bond, if applicable,
issued by the other state is not engaging in business as a dealer
by:
(1) buying a vehicle from, selling a vehicle to, or
exchanging a vehicle with a person who:
(A) [(1)] holds a general distinguishing number
issued by the department, if the transaction is not intended to
avoid a requirement of this chapter; or
(B) [(2)] is a domiciliary of another state who
holds a dealer license and bond, if applicable, issued by the other
state and the transaction is not intended to avoid a requirement of
this chapter; or
(2) buying, selling, including by consignment, or
exchanging at a public auction:
(A) an antique vehicle that is at least 25 years
of age; or
(B) a special interest vehicle that:
(i) is at least 12 years of age; or
(ii) has been the subject of a retail sale.
SECTION 2. This Act takes effect September 1, 2017.