URGENT LEGISLATIVE ALERT (UPDATE)
Tennessee Bill to Exempt Antique Vehicles From Privilege Tax Signed into Law
Legislation (S.B. 1688) to allow counties to exempt owners of antique motor vehicles from the privilege tax was signed into law by Governor Bill Haslam. Under the new law, the county may also only 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. Sixty out of ninety-five counties in Tennessee impose a motor vehicle privilege tax.
In Tennessee, an "antique motor vehicle" is a motor vehicle over twenty-five 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.
As a result of your support, the Tennessee legislature and Governor Haslam recognized the fact that existing antique motor vehicles constitute a small portion of the vehicle fleet and are well-maintained, infrequently operated hobby cars and deserving of tax benefits.
Thank you to those who participated in supporting this bill.