Mississippi Legislature Passes Bill to Allow Wholesale Motor Vehicle Dealers to Purchase Tags and Designate Agents

Strategic Insights -

The State of Mississippi has issued a daily action report on a bill that seeks to amend various sections of the Mississippi Code of 1972. The bill, sponsored by Representative Sullivan, aims to modify the requirements for motor vehicle dealers and wholesalers. Specifically, it would allow wholesale motor vehicle dealers to purchase tags and be designated agents, increase the bond requirement, and require used and wholesale motor vehicle dealers to submit a bond with their license application.

The bill has undergone several stages in the legislative process, including being referred to the Ways and Means committee in the House and the Finance committee in the Senate. After being passed in both chambers, the bill was returned to the House for concurrence in the amendment from the Senate.

Key Takeaways:

  • The bill aims to amend sections 63-21-13, 27-19-303, and 63-17-75 of the Mississippi Code of 1972.
  • The proposed changes would allow wholesale motor vehicle dealers to purchase and use distinguishing tags and to be designated agents.
  • The bill would increase the bond requirement for motor vehicle dealers and require them to purchase blanket liability insurance.
  • The bill has been passed in both the House and the Senate and has been returned to the House for concurrence in the amendment from the Senate.

Statistics:

  • The bill was referred to the Ways and Means committee in the House on January 19.
  • The bill was passed in the Senate on March 4 with a vote of {Vote}.
  • The bill was returned to the House for concurrence in the amendment from the Senate on March 11.
  • The bill would affect sections 63-21-13, 27-19-303, and 63-17-75 of the Mississippi Code of 1972.
  • The bond requirement would be increased, and blanket liability insurance would be required for motor vehicle dealers.

Sources:

  • Mississippi Legislature, Daily Action Report, January 19, 2015
  • Mississippi Legislature, Daily Action Report, March 4, 2015
  • Mississippi Legislature, Daily Action Report, March 11, 2015
  • Mississippi Code of 1972, Section 63-21-13
  • Mississippi Code of 1972, Section 27-19-303
  • Mississippi Code of 1972, Section 63-17-75