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 responsibilities and requirements for digital transaction providers, including the ability to enter into agreements with the commissioner, collect convenience charges, and process applications. The bill also mandates that any charges collected by these providers be reviewed and approved by relevant state committees.

Furthermore, the bill establishes requirements for digital transaction providers to maintain a surety bond of $100,000 and obtain a cyber liability insurance policy of $1 million. These measures are intended to ensure compliance and protect the state and its citizens during digital transactions. The commissioner is tasked with promulgating necessary rules to implement these provisions, thereby formalizing the role of digital transaction providers in the state's vehicle registration and licensing processes.

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