This bill amends the definition of "common entity" within Florida Statutes, specifically in section 320.60, which pertains to motor vehicle distributors and manufacturers. The revised definition clarifies that a "common entity" is a person who is either controlled by or has more than 30 percent of its equity interest owned by a manufacturer, importer, distributor, or their affiliates. Additionally, it introduces specific conditions under which an entity related to a distributor or manufacturer would not be classified as a common entity, including stipulations regarding the licensing status of the distributor as of March 1, 2023, and the entity's manufacturing activities.

Key insertions in the bill include the explicit mention of "manufacturer" alongside "distributor" in the context of common entities, and new criteria that exempt certain entities from being classified as common entities if they are incorporated in the U.S. and solely manufacture or assemble vehicles that do not have franchised dealers in Florida. The bill is set to take effect on July 1, 2026.

Statutes affected:
H 291 Filed: 320.60