HB3786 - Tennessee - Commerce And Insurance, Dept. Of

Commerce and Insurance, Dept. of - Requires registration of dealers buying and selling scrap metal by October 1, 2008; prohibits cash payments for purchase of copper, catalytic converters, and air conditioner evaporator coils; establishes criminal penalties and civil forfeitures for violation of act. - Amends TCA Title 39, Chapter 14; Title 40, Chapter 35 and Title 62, Chapter 9. Fiscal Summary for *HB3786Increase State Revenue - $26,500/One-Time $14,000/Biennially Beginning in Year 3 Increase State Expenditures - $12,500/One-Time $7,000/Recurring $2,300/Incarceration* Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for *HB3786 This bill revises the present law provisions governing junk dealers. PRESENT LAW Present law requires persons who are buying, selling, exchanging, trading, or dealing in scrap [...]

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