Florida S0352 amends the definition of "common entity" for motor vehicle distributors and manufacturers.

Florida S0352 revises the definition of "common entity" in state statutes, clarifying that an entity is not considered a common entity if it is related to a distributor that was licensed on March 1, 2023, and is not a common entity of a manufacturer or importer. This change affects entities that are directly or indirectly controlled or own more than 30 percent of the equity interests of a manufacturer, importer, distributor, or licensee. The act takes effect July 1, 2026.

Florida S0352 amends the definition of "common entity" for motor vehicle distributors and manufacturers.

Florida S0352 revises the definition of "common entity" in state statutes, clarifying that an entity is not considered a common entity if it is related to a distributor that was licensed on March 1, 2023, and is not a common entity of a manufacturer or importer. This change affects entities that are directly or indirectly controlled or own more than 30 percent of the equity interests of a manufacturer, importer, distributor, or licensee. The act takes effect July 1, 2026.