NASHVILLE, Tenn. (Jan. 31, 2014) — The Tennessee House and Senate have introduced legislation to allow counties to exempt owners of antique motor vehicles from the state's privilege tax.
Identical legislation has been introduced in both legislative bodies, the Specialty Equipment Market Association (SEMA) reported, to allow an exemption from the privilege tax, though a county may also require a one-time only payment of the tax.
According to the state, the average amount of the one-time tax imposed would be $43.10, SEMA said.
In Tennessee, an "antique motor vehicle" is classified as a vehicle more than 25 years old with a non-modified engine and body that is used for participation in, or transportation to and from, club activities, exhibits, tours, parades and similar uses as a collector's item. Additional uses include on highways for the purpose of selling; testing the operation of or obtaining repairs to or maintenance; and for general transportation only on Saturday and Sunday, according to SEMA.
When is the last time you attended one of the national tire industry trade shows, such as SEMA, ITEC or the North American Tire & Retread Expo?
|I try and take in at least one show a year.||
|I usually attend one every few years.||
|There are so many tire maker and distributor meetings each year, I don’t see a need to attend one of the national shows.||
|I don’t find value in these shows and haven’t been to one in years.||
|I’d like to but I am too busy||