Tenn. Code § 55-4-505

Current through Acts 2023-2024, ch. 1069
Section 55-4-505 - Adjusting tax valuation and classification fees to establish a uniform month of expiration
(a) For the purposes of establishing a new fleet registrant, in order to establish a uniform month of expiration, the valuation for the vehicle license tax shall be maintained at the current valuation if it is necessary to calculate a partial year vehicle license tax.
(b) For the purposes of establishing a new fleet registrant, in order to establish a uniform month of expiration, the classification fees and any other motor carrier fees established by law may be discounted on a monthly basis for the purposes of calculating a partial registration year.

T.C.A. § 55-4-505

Acts 1993, ch. 150, § 6.