Adjusting Tax Valuation and Classification Fees to Establish a Uniform Month of Expiration

1. Law
2. Tennessee Code
3. Motor and Other Vehicles
4. Registration and Licensing of Motor Vehicles
5. Commercial Motor Vehicle Fleets
6. Adjusting Tax Valuation and Classification Fees to Establish a Uniform Month of Expiration

1. 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.
2. 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.

Download our app to see the most-to-date content.