LD 1806 LR 266(01)
An Act to Require Online Used Car Dealers to Be Licensed
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Lawrence of York
Committee: Innovation, Development, Economic Advancement and Business
Fiscal Note Required: No
Preliminary Fiscal Impact Statement
Minor cost increase - Highway Fund
Minor revenue increase - Highway Fund
Fiscal Detail and Notes
Additional costs to the Department of Secretary of State associated with processing and issuing licenses for online used car dealers is expected to be minor and can be absorbed within existing budgeted resources. The additional dealer licensing fees are also expected to be minor. No change to the budget is required.