HB 979 -- SPECIAL EVENT MOTOR VEHICLE AUCTION LICENSES

SPONSOR:  Wood

COMMITTEE ACTION:  Voted "do pass" by the Committee on Small
Business by a vote of 10 to 0.

This bill allows the Department of Revenue to issue a special
event motor vehicle auction license to an applicant for the
purpose of auctioning motor vehicles if 90% or more of the
vehicles are at least 10 years old or older.  Auctions can be
held for no more than three consecutive days, but no more than
two times in a calendar year by the same licensee.  A report must
be sent to the department director within 10 days of the
conclusion of the auction on a department-approved form
specifying the make, model, year, and vehicle identification
number of every vehicle included in the auction.  Anyone
violating this provision will be guilty of a class A misdemeanor
and will be charged a $500 administrative fee payable to the
department for each vehicle auctioned in violation of this
provision.

A special event motor vehicle auction will be considered a public
motor vehicle auction for purposes of licensing and inspection of
certain documents and odometer readings; however, the licensee
will not be required to have a bona fide established place of
business.

Applications to hold an auction must be received by the
department at least 90 days prior to the event.  Applicants must
be registered to conduct business in this state, pay a licensing
fee of $1,000, and be bonded or have an irrevocable letter of
credit in the amount of $100,000.  Applicants will be responsible
for ensuring that a sales tax license or special event sales tax
license is obtained if required.

FISCAL NOTE:  No impact on General Revenue Fund in FY 2010,
FY 2011, and FY 2012.  Estimated Income on Other State Funds of
Unknown - Expected to be less than $100,000 in FY 2010, FY 2011,
and FY 2012.

PROPONENTS:  Supporters say that the Department of Revenue
regulates licensing of dealers for auctions and the sale of
automobiles.  Branson Landing, Branson's new convention center,
and the Branson Collector Car Auction must meet the regulations
of the state and the city in order to have an antique car auction
at the center.  They have antique and collector car auctions
twice a year.  It is difficult to meet all the requirements.  The
antique auctions at Branson are good for tourism.  Collector and
antique cars are a $30 billion industry.  The Branson auction
spends $200,000 on advertising across the nation and in other
countries.  Approximately, $2 to $3 million is spent by the
auction attendees while in town for the auction.

Testifying for the bill were Representative Wood; and James Cox,
Branson Collector Car Auction.

OPPONENTS:  There was no opposition voiced to the committee.

OTHERS:  Others testifying on the bill say that the department
does not see any problems with the provisions and reporting
requirements of the bill.

Testifying on the bill was Department of Revenue.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am