SB 213 – HB 303
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
January 24, 2025
Fiscal Analyst: Laura Moore | Email: laura.moore@capitol.tn.gov | Phone: 615-741-2564
SB 213 – HB 303
SUMMARY OF BILL: Authorizes the sale or purchase of previously titled antique or
unique motor vehicles to be made without a motor vehicle dealer license at an auction held in
conjunction with the Chattanooga Motorcar Festival held in Hamilton County. Effective October
17, 2025, and repealed October 22, 2025.
FISCAL IMPACT:
NOT SIGNIFICANT
Assumptions:
• The Chattanooga Motorcar Festival is held in Chattanooga, TN each year. All proceeds
from the festival go to the Neuroscience Innovation Foundation in support of Alzheimer’s
and neuroscience research.
• The Tennessee Motor Vehicle Commission’s (MVC) rules and regulations require anyone
who sells more than five motor vehicles in one year to obtain a license as a motor vehicle
dealer.
• According to the MVC, during prior instances of the festival, sellers were not required to
obtain licensure as a motor vehicle dealer because MVC grants an exception to the
organizers of the festival and auction.
• It is assumed that participants in the festival and auction would not be required to obtain a
license in the absence of this legislation; therefore, any fiscal impact to the MVC will not be
significant.
• Pursuant to Tenn. Code Ann. § 4-29-121, all regulatory boards are required to be self-
sufficient over any two-year period. The MVC experienced a deficit of $256,605 in FY22-
23, a deficit of $517,450 in FY23-24, and had a cumulative reserve balance of $1,156,227 on
June 30, 2024.
IMPACT TO COMMERCE:
NOT SIGNIFICANT
Assumption:
• Any impact to commerce or jobs in the state is estimated to be not significant.
SB 213 – HB 303 2
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director