Published on January 31, 2014

Tenn. legislators intro bills on antique vehicles tax

(Specialty Equipment Market Association photo)
Legislation introduced in Tennessee would exempt owners of antique motor vehicles from the state's privilege tax.

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.

More information on the legislation is available on the SEMA Action Network (SAN) website or by contacting Steve McDonald via email at stevem@sema.org.

Comments

Loading Comments Loading comments...