Governor Lee Signs 1-year Moratorium On Vehicle, Motorcycle Registration Fees
Image Credit: tn.gov
The Center Square [By Jon Styf] –
Tennessee Gov. Bill Lee signed a bill on Friday that will provide a one-year moratorium on all state individual automobile and motorcycle registration fees.
The fees were part of a budget appropriations bill that Lee signed into law on Wednesday.
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Senate Bill 2491 will have a total impact of $121.6 million and bill sponsor Sen. Bo Watson, R-Hixson, said when it was discussed in the Legislature that it was intentionally done to give a direct tax break to those who live and drive vehicles in Tennessee. A $100 registration fee for electric vehicles, however, will not be waived.
Motorcycle license fees are $16.75, and vehicle registrations are $23.75, according to the bill’s fiscal note.
The bill received a budget appropriation to cover the two funds that receive revenue from the registration fees. That includes $110.6 million to the state’s Highway Fund and $5.2 million to the Police Pay Supplement Fund, which receives the first dollar of each registration.
About the Author: Jon Styf, The Center Square Staff Reporter – Jon Styf is an award-winning editor and reporter who has worked in Illinois, Texas, Wisconsin, Florida and Michigan in local newsrooms over the past 20 years, working for Shaw Media, Hearst and several other companies. Follow Jon on Twitter @JonStyf.
Governor Lee needs to abolish the tax on gas, if California can do it, so can Tennessee.
Do we get a refund if already we have already paid the fee?
California didnt do that though. Instead they want to give every vehicle
owner 400.00
The article states “ vehicle registrations are $23.75” so we still have to pay wheel tax?
How about sign something to give Davidson Co residents back there previous tax amounts on our homes. A 37.5% tax hike after a surplus of billions is absolutely disgusting!