SB2687 - Tennessee - Motor Vehicles, Titling And Registration

Companion Bill HB2823. Motor Vehicles, Titling and Registration - Requires proof of valid motor vehicle liability insurance before issuance of motor vehicle registration or renewal of motor vehicle registration. - Amends TCA Title 55, Chapter 4, Part 1. Fiscal Summary for *SB2687 / HB2823Decrease State Revenue - Net Impact - $11,164,600 Increase State Expenditures - $258,400/One-Time $1,484,000/Recurring Decrease Local Revenue - Net Impact - $19,850,600 Increase Local Expenditures* - Exceeds $376,700 Bill Summary for *SB2687 / HB2823 This bill prohibits the commissioner of revenue from issuing or renewing any motor vehicle registration unless the application is accompanied by proof that the vehicle and its owner have met the requirements of the Tennessee Financial Responsibility Law of 1977. This bill requires every [...]

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