Relates to increasing the retention percentage for certain motor vehicle service fees

This bill increases the portion of motor vehicle service fees that county clerks can keep, raising the retention rate from 10.75 percent to 25 percent. It applies to fees collected for motor vehicle services processed by county clerks and also covers a new category of revenue from online transactions conducted by county residents and designated partners. The bill requires the commissioner of taxation and finance to certify the amounts owed to each county clerk for the new online revenue category. County clerks acting as agents for the commissioner would receive these increased funds, while the state would retain a smaller share of the fees. The changes would take effect on January 1st of the year following the bill's enactment.