State fee waived on vehicle registrations starting July 1 (sales, 2014)

[JMT]

Under a new state law, the Tennessee General Assembly has waived state registration fees for Class A and Class B motor vehicles, for renewals after July 1, 2022 and before June 30, 2023.

Class A includes motorcycles and autocycles and Class B includes passenger motor vehicles and motor homes. The state portion of the fee that is waived under this law is $16.75 for Class A and $23.75 for Class B. Other fees that are earmarked for safety and system improvement purposes, as well as the additional electric vehicle registration fee and county fees, are not waived under the new law.

For example, in my county (Putnam) I will still need to pay the county fee of $5.25 to register my car when it comes up for renewal, but that will be it. Likewise, counties that have wheel taxes will still charge those fees.

Read more here:
https://www.ucbjournal.com/state-fee...ooncb5YrBjz5Qo

[CrosbyStills]

I have never, in my 5 decades on this earth, seen a government actually willingly give money back directly to the people that pay it. To actually waive what is normally viewed as regular and deserved income.

Gov. Bill Lee is to thank for this.

[Jumeby]

Maybe Gov. Bill Lee will convince counties to temporarily reduce sales and property tax to help struggling families through this growing economic crisis.

[jabogitlu]

Yikes. What does the state fee fund? It seems like a very small amount charged to the everyday citizen. Hopefully Tennessee's infrastructure does not fall behind over time.

[N.Cal]

Originally Posted by jabogitlu

Yikes. What does the state fee fund? It seems like a very small amount charged to the everyday citizen. Hopefully Tennessee's infrastructure does not fall behind over time.

Ha! It’s already behind. People here think that things get done by magic.

Tennessee report identifies $61.9 billion in infrastructure needs across the state

https://www.tennessean.com/story/new...an/9204925002/

[Igor Blevin]

Gosh, I love Tennessee. Thanks, JMT.

[TNCubbie79]

Originally Posted by CrosbyStills

I have never, in my 5 decades on this earth, seen a government actually willingly give money back directly to the people that pay it. To actually waive what is normally viewed as regular and deserved income.

Gov. Bill Lee is to thank for this.

Actually, you have Representative Patsy Hazelwood and Senator Bo Watson both of Hamilton County who sponsored HB 2460 and SB 2491, respectively and Representative Dan Howell of District 22 (Meigs, Polk. Bradley Counties) and Senator Becky Duncan Massey of Knox County who recommended HA0666 and SA0603, respectively, to add the waiver of the registration fee. This amended SB was passed by the Senate and substituted for the HB by the House. All Gov Lee did was sign the final presented Bill. Lets give the "Thanks" to those who put this in motion and gave it life. This wan't Gov Lee's doing.

Here are the link https://wapp.capitol.tn.gov/apps/Bil...=HB2640&GA=112

https://publications.tnsosfiles.com/...pub/pc1143.pdf

[CrosbyStills]

Well said! I appreciate you bringing up all those who had a hand in making it work.

[GWoodle]

The 7% Sales Tax Holiday for Clothing, School Supplies, Computers will be
Friday July 29 to Sunday July 31

A 4% Sales Tax Holiday for Food & Food Ingredients
Mon Aug 1 to Wed Aug 31

[TNCubbie79]

Originally Posted by jabogitlu

Yikes. What does the state fee fund? It seems like a very small amount charged to the everyday citizen. Hopefully Tennessee's infrastructure does not fall behind over time.

According to the Fiscal Notes, the Class A and Class B registration fee funds the following:
*The first $1 of each registration goes to the Police Pay Supplement Fund which will have a decrease of $5,170,000

*The remaing portion of the fee is divided with
95% allocated to the Highway Fund resulting in a decrease of $110,606,125
5% allocated to the General Fund with decrease of $5,821,375
https://www.capitol.tn.gov/Bills/112/Fiscal/FM2147.pdf

The State looks to lose an estimated revenue of $121,597,500 which , from my understanding) will be offset by the excess tax collected in the last fiscal year

According to the State Revenue Press Releases, the State collected approximately $2.39 Billion more than budgeted just in the last 6 months.
May '22 $327.4M + April '22 $915.3M + March '22 $286.8M + Feb '22 $111.7 + Jan '22 $309.2M + Dec '21 $437.2M

https://www.tn.gov/finance/news.revenues.html