Yes, Dear Taxpayers, we overpaid our State taxes in 05-06 by over $900 million. It looks like we will overpay in 06-07 by $300 million.
So, you would think that the Governor and the General Assembly would be content with only talking about a cigarette tax increase AND a gas tax increase....but NOOOOO, now they even want an increase in car tags. This bill passed the subcommittee and is now in the House Transportation Committee.
Motor Vehicles, Titling and Registration - Increases motor vehicle registration fees $16.00 and allocates the revenues to highway funds, local government, and mass transit. - Amends TCA Title 55, Chapter 4.