Florida H0291 revises the definition of "common entity" for motor vehicle distributors and manufacturers.

Florida H0291 amends the definition of "common entity" for motor vehicle distributors and manufacturers. It specifies that an entity is not considered a common entity if it is related to a distributor licensed on March 1, 2023, or if it solely manufactures or assembles vehicles controlled by persons owning more than 30 percent of equity interests in a manufacturer, importer, distributor, or licensee.

Florida H0291 revises the definition of "common entity" for motor vehicle distributors and manufacturers.

Florida H0291 amends the definition of "common entity" for motor vehicle distributors and manufacturers. It specifies that an entity is not considered a common entity if it is related to a distributor licensed on March 1, 2023, or if it solely manufactures or assembles vehicles controlled by persons owning more than 30 percent of equity interests in a manufacturer, importer, distributor, or licensee.