(a) Instead of registering under Chapter 502 a vehicle that the dealer owns, operates, or permits to be operated on a public street or highway, the dealer may apply for, receive, and attach dealer's license plates to the vehicle if it is the type of vehicle:
(1) that the dealer sells; and
(2) for which the dealer has been issued a general distinguishing number.
(b) The board may adopt rules regulating the issuance and use of a license plate issued pursuant to the terms of this section.