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Committee approves annual CPI tie for dealer document fee; legislative auditor to compute adjustments

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Summary

House Bill 476, which ties an existing motor-vehicle dealer document/processing fee to the Consumer Price Index with a 3% annual cap and assigns the legislative auditor to calculate the adjustment, was reported favorably as amended.

The Senate Committee on Commerce voted to report House Bill 476 favorably after adopting amendments that tie a motor-vehicle document-processing fee to the Consumer Price Index (CPI), with a maximum annual adjustment of 3 percent.

Senator Abraham explained the amendment, which assigns…

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