46.2-1947 - Registration of dealers; fees. - Virginia Statutes

§ 46.2-1947. Registration of dealers; fees.

Every manufacturer, distributor, or dealer, before he commences to operateT&M vehicles in his inventory for sale or resale, shall apply to theCommissioner for a dealer's certificate of vehicle registration and licenseplates. For the purposes of this article, a vehicle is in inventory when itis owned by, or assigned to, a dealer and is offered and available for saleor resale. All dealer's certificates of vehicle registration and licenseplates issued under this section may, at the discretion of the Commissioner,be placed in a system of staggered issue to distribute the work of issuingvehicle registration certificates and license plates as uniformly aspracticable throughout the year. Dealerships which sold fewer thantwenty-five vehicles during the last twelve months of the preceding licenseyear shall be eligible to receive no more than two dealer's license plates;dealerships which sold at least twenty-five but fewer than fifty vehiclesduring the last twelve months of the preceding license year shall be eligibleto receive no more than four dealer's license plates. However, dealershipswhich sold fifty or more T&M vehicles during their current license year mayapply for additional license plates not to exceed four times the number oflicensed salespersons employed by that dealership. Dealerships which soldfifty or more T&M vehicles during the last twelve months of the precedinglicense year shall be eligible to receive a number of dealer's license platesnot to exceed four times the number of licensed salespersons employed by thatdealership. A new applicant for a dealership shall be eligible to receive anumber of dealer's license plates not to exceed four times the number oflicensed salespersons employed by that dealership. For the purposes of thisarticle, a salesperson or employee shall be considered to be employed only ifhe (i) works for the dealership at least twenty-five hours each week on aregular basis and (ii) is compensated for this work. All salespersons' oremployees' employment records shall be retained in accordance with theprovisions of § 46.2-1929. A salesperson shall not be considered employed,within the meaning of this section, if he is an independent contractor asdefined by the United States Internal Revenue Code. The fee for the issuanceof dealer's license plates shall be thirty dollars per year for the first twodealer's license plates and thirteen dollars per year for each additionaldealer's license plate.

(1995, cc. 767, 816; 1996, cc. 1043, 1052.)