HB 2087 -- Special Event Motor Vehicle Auction Licenses

Sponsor:  Brown (149)

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 at least 90% of the
vehicles are at least 10 years old or older.  Auctions can be
held for no more than three consecutive days, and 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.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:12 pm