SEMA eNews Vol. 17, No. 5, January 30, 2014

Tennessee Introduces Bills to Exempt Antique Vehicles From Privilege Tax

By SEMA Washington, D.C., Staff

tennessee
The Tennessee House and Senate has introduced legislation to allow counties to exempt owners of antique motor vehicles from the privilege tax.

Identical legislation has been introduced in the Tennessee House and Senate to allow counties to exempt owners of antique motor vehicles from the privilege tax. The county may also require a one-time only payment of the tax. According to the state, the average amount of the one-time tax imposed would be $43.10.

In Tennessee, an "antique motor vehicle" is a motor vehicle more than 25 years old with a nonmodified engine and body that is used for participation in, or transportation to and from, club activities, exhibits, tours, parades and similar uses as a collector's item; on the highways for the purpose of selling, testing the operation of or obtaining repairs to or maintenance; and for general transportation only on Saturday and Sunday.

For more information, visit the SEMA Action Network (SAN) website. For details, contact Steve McDonald at stevem@sema.org.

Rate this article: 
1
Average: 1 (1 vote)