SB2862 - Tennessee: Boats, Boating, Taxes, Privilege

Companion Bill HB2658. Taxes, Privilege - Imposes privilege tax of $13.50 annually on certain boats not registered in Tennessee; revenues earmarked for stream reclamation and enhancement of water quality. - Amends TCA Title 67, Chapter 4. Fiscal Summary for SB2862 / *HB2658Increase State Revenue - $42,500 / Earmarked for stream reclamation and enhancement of water quality Increase State Expenditures - $75,000 / One-Time $110,000 / Recurring Increase Local Govt. Revenue - $14,900 ($8,500 of this total would be earmarked for computer related expenditures) Increase Local Govt Expenditures* - Exceeds $29,800 ($8,500 of this total is expended for computer related expenditures) Bill Summary for SB2862 / *HB2658 This bill imposes a fee of $13.50 on each vessel that is not registered in this state but is [...]

show full description