This bill amends existing law to include provisions for digital transaction providers in the collection of registration license taxes and related fees in Louisiana. Specifically, it modifies R.S. 47:532.1(A)(1) to authorize digital transaction providers, alongside other entities, to collect these taxes. Additionally, it enacts R.S. 47:532.4, which outlines the roles and responsibilities of digital transaction providers, including the ability to enter into agreements with the commissioner, collect fees, and process applications. The bill also establishes requirements for a surety bond and cyber liability insurance for these providers, ensuring financial accountability and protection for the state.

Furthermore, the bill stipulates that digital transaction providers may charge a convenience fee, subject to state review and approval, and mandates that these charges be disclosed to consumers prior to transactions. Contracts with the Department of Public Safety and Corrections for these services will have a two-year term with the possibility of automatic renewal. The legislation aims to modernize the process of vehicle registration and licensing by integrating digital transaction capabilities while maintaining oversight and regulatory compliance.

Statutes affected:
HB475 Engrossed: 47:1(A)(1)
HB475 Enrolled: 47:1(A)(1)
HB475 Act : 47:1(A)(1)