HB 536 - SB 641
FISCAL NOTE
Fiscal Review Committee
Tennessee General Assembly
February 19, 2025
Fiscal Analyst: Laura Moore | Email: laura.moore@capitol.tn.gov | Phone: 615-741-2564
HB 536 - SB 641
SUMMARY OF BILL: Authorizes a nonprofit religious organization without an established
place of business to obtain a motor vehicle dealer license, if the organization: 1) is incorporated in
this state; 2) has a certificate of incorporation or authority in good standing with the Secretary of
State; and 3) has a program that donates motor vehicles to individuals in need and provides free
vehicle repairs that are necessary to an individual’s effort to become a self-sufficient member of the
workforce.
FISCAL IMPACT:
STATE GOVERNMENT
REVENUE Tennessee Motor Vehicle Commission
FY25-26 & Every Two Years Thereafter $400
Assumptions:
• Applications for a motor vehicle dealer license are managed and regulated under the
Department of Commerce and Insurance’s Motor Vehicle Commission (MVC).
• The MVC can create the new licensing category within existing resources, without a
significant increase in state expenditures.
• The MVC will charge a $400 fee for initial licensing and a biennial licensing renewal fee of
$400.
• It is assumed that at least one organization will qualify under the proposed legislation
resulting in an increase of $400 ($400 fee x 1 organization) to the MVC in FY25-26 and
every two years thereafter.
• 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.
CERTIFICATION:
The information contained herein is true and correct to the best of my knowledge.
Bojan Savic, Executive Director