Tennessee Considering Waiving Vehicle Registration Fees for a Year
A bill that would waive Tennessee’s license plate registration fees for a full year could save Tennessee drivers $121.6 million based on legislative estimates.
“The purpose behind the bill is that we have tried a lot of different strategies in this state to get money back in the hands of taxpayers,” Sen. Bo Watson, R-Hixson, said. “This exceeds the amount of money that we do when we do a sales tax holiday.”
Watson said the fees could help return money specifically to Tennessee taxpayers from a state surplus in taxes, while grocery tax and sales tax holidays also are a benefit to visitors who don’t live in Tennessee.
“This would be one way to give back to Tennesseans and specifically to Tennesseans,” Watson said.