AN ACT CONCERNING THE OFFERING PRICE OF A MOTOR VEHICLE AND PROVISIONS OF THE FRANCHISE ACT GOVERNING AGREEMENTS BETWEEN AUTOMOBILE MANUFACTURERS OR DISTRIBUTORS AND AUTOMOBILE DEALERS.

This bill requires automobile dealers to clearly display the total price of a vehicle in advertisements, including federal taxes, delivery costs, dealer preparation fees, and any add-on charges, while explicitly stating that state and local taxes are excluded. It also mandates that dealers include dealer conveyance fees and processing fees in the quoted selling price and separately identify these fees as negotiable, along with listing all optional add-on fees as non-mandatory. The legislation establishes penalties for violations, including fines up to one thousand dollars and potential license suspension or revocation, while updating definitions for key terms like "manufacturer," "distributor," and "dealer" within the state's franchise act. These changes aim to increase price transparency for consumers by ensuring all fees are clearly disclosed before a purchase agreement is finalized.