SB4192 - Tennessee - Motor Vehicles, Motor Vehicles, Titling And Registration

Companion Bill HB4194. Motor Vehicles, Titling and Registration - Revises various provisions governing the taxation, titling, registration, and regulation of motor vehicles; requires that University of Tennessee Lady Volunteers' NCAA National Championships new specialty earmarked license plate include commemoration of the 2008 basketball championship. - Amends TCA Title 55; Title 65; Title 67 and Chapter 660 of the Public Acts of 2004. Fiscal Summary for SB4192 / *HB4194Other Fiscal Impact - Enacting this legislation will allow the Department of Revenue to continue collecting approximately $6,256,500 per year for two additional years. Such revenue is currently earmarked for the Departments titling and registration system (TRUST system). Absent this legislation, state revenue earmarked for the TRUST system will decrease by $6,256,500 per year. (This funding is included [...]

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