Tennessee tax proposal would double truck registration fees

| 6/19/2002

A tax proposal unveiled June 12 would double the cost of one-time truck trailer registration fees in the state for the 2003 fiscal year. The proposal also would increase the corporate income tax, as well as the cost of cigarettes and beer.

Rep. Frank Buck (D-Dowelltown) and Sen. Doug Jackson's (D-Dickson) proposed tax hike would increase the current fee from $50 for the life of a truck trailer to $100 for the next fiscal year. "It has a 12-month sunset, so at the end of the next fiscal year, it automatically goes back to the $50 one-time fee," Sen. Jackson told Land Line. "It's an automatic sunset requiring no other vote."

The tax plan requires a three-fifths majority of Assembly members' approval for passage. Rep. Buck and Sen. Jackson have introduced HB2569 and SB2829 in their respective houses. The legislative session is scheduled to end June 30.
--Keith Goble