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A BILL TO BE ENTITLED
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AN ACT
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relating to off-site sales by a dealer for antique or special |
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interest vehicles that have been subject to a retail sale. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 503.024(c), Transportation Code, is |
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amended to read as follows: |
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(c) For the purposes of Section 503.021, a domiciliary of |
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another state who holds a dealer license and bond, if applicable, |
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issued by the other state is not engaging in business as a dealer |
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by: |
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(1) buying a vehicle from, selling a vehicle to, or |
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exchanging a vehicle with a person who: |
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(A) [(1)] holds a general distinguishing number |
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issued by the department, if the transaction is not intended to |
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avoid a requirement of this chapter; or |
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(B) [(2)] is a domiciliary of another state who |
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holds a dealer license and bond, if applicable, issued by the other |
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state and the transaction is not intended to avoid a requirement of |
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this chapter; or |
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(2) buying, selling, including by consignment, or |
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exchanging at a public auction: |
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(A) an antique vehicle that is at least 25 years |
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of age; or |
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(B) a special interest vehicle that: |
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(i) is at least 12 years of age; or |
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(ii) has been the subject of a retail sale. |
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SECTION 2. This Act takes effect September 1, 2017. |