Bill Text: IA SF2291 | 2013-2014 | 85th General Assembly | Enrolled
Bill Title: A bill for an act providing an exemption from registration fees for certain new completed motor vehicles purchased by an equipment dealer for modification and resale. (Formerly SSB 3136.) Effective 7-1-14.
Spectrum: Committee Bill
Status: (Passed) 2014-04-03 - Signed by Governor. S.J. 719. [SF2291 Detail]
Download: Iowa-2013-SF2291-Enrolled.html
Senate
File
2291
AN
ACT
PROVIDING
AN
EXEMPTION
FROM
REGISTRATION
FEES
FOR
CERTAIN
NEW
COMPLETED
MOTOR
VEHICLES
PURCHASED
BY
AN
EQUIPMENT
DEALER
FOR
MODIFICATION
AND
RESALE.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
321.48,
Code
2014,
is
amended
by
adding
the
following
new
subsection:
NEW
SUBSECTION
.
3A.
A
transferee
of
a
new
completed
motor
vehicle
shall
obtain
a
certificate
of
title
for
the
vehicle
but
is
not
required
to
pay
the
annual
registration
fee
for
the
vehicle,
provided
all
of
the
following
apply:
a.
The
transferee
is
an
equipment
dealer
licensed
as
a
motor
vehicle
dealer
under
chapter
322.
b.
The
transferee
purchases
the
vehicle
at
retail
for
the
purpose
of
modifying
the
vehicle
as
provided
in
section
321.105A,
subsection
2,
paragraph
“c”
,
subparagraph
(31),
prior
to
selling
it
as
a
used
vehicle
to
a
business
or
government
entity.
c.
The
transferee
operates
the
vehicle
only
for
purposes
incidental
to
a
resale.
d.
The
transferee
displays
a
dealer
plate
on
the
vehicle
or
does
not
drive
the
vehicle
or
permit
it
to
be
driven
upon
the
highways.
Sec.
2.
Section
321.105A,
subsection
2,
paragraph
c,
Code
2014,
is
amended
by
adding
the
following
new
subparagraph:
NEW
SUBPARAGRAPH
.
(31)
(a)
A
new
completed
motor
vehicle
purchased
at
retail
by
an
equipment
dealer
who
is
licensed
as
a
motor
vehicle
dealer
under
chapter
322,
provided
that
all
of
the
following
apply:
Senate
File
2291,
p.
2
(i)
The
equipment
dealer
modifies
the
vehicle
as
provided
in
subparagraph
division
(b),
subparagraph
subdivision
(i)
or
(ii).
(ii)
The
total
value
of
the
work
performed
and
the
equipment
installed
on
the
vehicle
equals
or
exceeds
eighty
percent
of
the
purchase
price
paid
for
the
new
vehicle.
(iii)
Notwithstanding
section
322.3,
the
equipment
dealer
sells
the
modified
vehicle
as
a
used
vehicle
to
a
purchaser
that
is
a
business
or
government
entity,
and
not
an
individual
consumer.
(b)
For
purposes
of
this
subparagraph,
“equipment
dealer”
means
a
person
who
does
at
least
one
of
the
following:
(i)
Rebuilds
new
completed
motor
vehicles
by
fabricating,
altering,
adding,
or
replacing
essential
parts,
components,
or
equipment
for
the
purpose
of
building
an
ambulance,
rescue
vehicle,
fire
vehicle,
or
towing
or
recovery
vehicle.
(ii)
Installs
cranes,
hook
loaders,
buckets,
aerial
ladders,
tanks,
or
special
equipment
on
new
completed
motor
trucks
with
a
gross
vehicle
weight
rating
of
fourteen
thousand
five
hundred
pounds
or
more.
______________________________
PAM
JOCHUM
President
of
the
Senate
______________________________
KRAIG
PAULSEN
Speaker
of
the
House
I
hereby
certify
that
this
bill
originated
in
the
Senate
and
is
known
as
Senate
File
2291,
Eighty-fifth
General
Assembly.
______________________________
MICHAEL
E.
MARSHALL
Secretary
of
the
Senate
Approved
_______________,
2014
______________________________
TERRY
E.
BRANSTAD
Governor
