TO: | Honorable Mike Krusee, Chair, House Committee on Transportation |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB310 by Goolsby (Relating to the transfer of registration and license plates between vehicles with the same owner. ), Committee Report 1st House, Substituted |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | $0 |
2009 | $0 |
2010 | $0 |
2011 | $0 |
2012 | $0 |
Fiscal Year | Probable Revenue Gain from STATE HIGHWAY FUND 6 |
---|---|
2008 | $14,508,535 |
2009 | $14,769,690 |
2010 | $15,035,545 |
2011 | $15,306,185 |
2012 | $15,581,695 |
The bill would amend the Transportation Code to allow the Texas Department of Transportation (TxDOT) to implement an electronic registration and title system that facilitates vehicle registration and the transfer of license plates, in which the title record maintained by TxDOT is the official record of vehicle ownership. The bill would allow the system to be separate from or a part of TxDOT's automated registration and title system. The bill would require a seller or transferor of a motor vehicle to remove the vehicle's license plates and registration insignia upon the sale or transfer of the vehicle and either dispose of the plates in the manner specified by TxDOT or transfer the plates to another vehicle owned by the seller or transferor. The bill would specify that any period remaining on a registration would continue with the vehicle being sold or transferred and would not transfer with the license plates or registration validation insignia; and, to continue the remainder of the vehicle's registration period, the purchaser or transferee must file an application for transfer of title or other document required by TxDOT. The bill would authorize the transfer of plates from a sold or transferred vehicle to another vehicle titled in the seller or trasferor's name after the person obtains an approval of an application for transfer by TxDOT, a new registration insignia, and pays a $5 fee for the transfer of the plates and insignia. The bill would authorize a purchaser or transferor to apply for a temporary permit from TxDOT to move a vehicle purchased in a private-party transaction and without the plates and registration insignia.
The bill would take effect on January 1, 2008.
Source Agencies: | 304 Comptroller of Public Accounts, 601 Department of Transportation
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LBB Staff: | JOB, KJG, MW, TG
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