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Bill > HB0974
TN HB0974
TN HB0974AN ACT to amend Tennessee Code Annotated, Title 55, Chapter 17 and Title 62, Chapter 19, relative to auctions of motor vehicles.
summary
Introduced
02/05/2025
02/05/2025
In Committee
04/01/2025
04/01/2025
Crossed Over
04/10/2025
04/10/2025
Passed
02/25/2026
02/25/2026
Dead
Signed/Enacted/Adopted
02/25/2026
02/25/2026
Introduced Session
Potential new amendment
114th General Assembly
Bill Summary
As enacted, provides that a motor vehicle dealer license is not required to sell or purchase certain antique vehicles or unique motor vehicles through an auction being held at a venue with a permanent seating capacity of at least 20,000 located in Wilson County, the auction operator conducts no more than one auction in this state per year, the action offers no less than 400 vehicles and no more than 2,000 vehicles for any one auction, and the operator has a minimum net worth of $25 million. - Amends TCA Title 55, Chapter 17 and Title 62, Chapter 19.
AI Summary
This bill amends Tennessee law to allow auctioneers to send their required prior written notification to the motor vehicle commission electronically when preparing for a going-out-of-business motor vehicle auction, instead of only using traditional paper mail. Specifically, the bill modifies Tennessee Code Annotated, Section 55-17-120(e)(2) by replacing the existing semicolon at the end of the subdivision with language that explicitly permits electronic notification. The change appears to modernize communication requirements for auctioneers by recognizing electronic communication as a valid method of providing legally required notices. The bill will take effect immediately upon becoming law, with the state legislature indicating that the public welfare requires this update to the existing statute.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (6)
Jake McCalmon (R)*,
Clark Boyd (R),
Michael Hale (R),
Susan Lynn (R),
Pat Marsh (R),
Ron Travis (R),
Last Action
Signed by Governor. (on 02/25/2026)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0974&ga=114 |
| Fiscal Memo for HA0076 (3454) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM1396.pdf |
| Amendment 1-0 to HB0974 | https://www.capitol.tn.gov/Bills/114/Amend/HA0076.pdf |
| Fiscal Memo for HA0076 (3454) | https://www.capitol.tn.gov/Bills/114/Fiscal/FM0308.pdf |
| Fiscal Note - HB0974 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB0974.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB0974.pdf |
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