Texas HB5340 regulates vehicle storage facilities and the approval of Internet websites for selling abandoned vehicles.

Texas HB5340 amends the Occupations Code to regulate vehicle storage facilities, including requiring facilities to report abandoned vehicles to law enforcement and submit them for sale on approved Internet websites. The Texas Department of Motor Vehicles must approve these websites and establish rules for their operation. Facilities must provide photographs of the vehicles and disclose any flood damage. The Act also modifies the Tax Code to clarify what is not considered "total consideration" for tax purposes.

Texas HB5340 regulates vehicle storage facilities and the approval of Internet websites for selling abandoned vehicles.

Texas HB5340 amends the Occupations Code to regulate vehicle storage facilities, including requiring facilities to report abandoned vehicles to law enforcement and submit them for sale on approved Internet websites. The Texas Department of Motor Vehicles must approve these websites and establish rules for their operation. Facilities must provide photographs of the vehicles and disclose any flood damage. The Act also modifies the Tax Code to clarify what is not considered "total consideration" for tax purposes.