HB1595 - Tennessee - Auctions And Auctioneers, Motor Vehicles

Companion Bill SB1011. Motor Vehicles - Exempts from motor vehicle dealer licensing requirements sales of certain motor vehicles over 8,000 lbs. - Amends TCA Section 55-17-120. Fiscal Summary for HB1595 / *SB1011Decrease State Revenues - Not Significant Decrease State Expenditures - Not Significant Bill Summary for HB1595 / *SB1011 Present law generally requires buyers at automobile auctions to be licensed motor vehicle dealers. However, whenever heavy construction equipment is being sold at auction, no license as a motor vehicle dealer is required for any person who purchases any motor vehicle, having three, four, or five axles which is designed to unload itself and which transports building materials. This bill adds that no license as a motor vehicle dealer is required for any person who purchases or bids on any motor vehicle that weighs more [...]

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