Amends TCA Title 55, Chapter 17 and Title 62, Chapter 19.
Generally under present law, a person must be licensed to engage in the business of motor vehicle sales, including sales made at an auction. Present law contains exceptions to those licensing requirements. This bill adds that a motor vehicle dealer license is not required to sell or purchase previously titled antique or unique motor vehicles through an auction format held in conjunction with a motor vehicle festival: (1) Held at a municipal convention center in Hamilton County; and (2) For which a portion of the festival's proceeds are donated to a hospital neurological institute located in Hamilton County. This bill will be effective only from October 15, 2021, to October 20, 2021.
Generally under present law, a person must be licensed to engage in the business of motor vehicle sales, including sales made at an auction. Present law contains exceptions to those licensing requirements. This bill adds that a motor vehicle dealer license is not required to sell or purchase previously titled antique or unique motor vehicles through an auction format held in conjunction with a motor vehicle festival: (1) Held at a municipal convention center in Hamilton County; and (2) For which a portion of the festival's proceeds are donated to a hospital neurological institute located in Hamilton County. This bill will be effective only from October 15, 2021, to October 20, 2021.
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