Florida Requirement for Dealers to Report Net Selling Price to DMV Stalled Again
As reported on the Mannerlaw Blog earlier this year, on May 11, 2012 the Florida DMV issued a notice to tax collectors and license plate agencies and car dealers making it mandatory for Florida licensed motor vehicle dealers to enter the net selling price of the car prior to the completion of a title transaction.
Implementation of this procedure was objected to by Florida car dealers, and it seems that the requirements have been postponed again, according to a Important Notice issued by the DMV on September 25, 2012.
Without any further explanation the notice simply states: “The mandatory entry of net selling price in FRVIS and EFS will not be effective October 1, 2012.”