(a) As used in this section, “rental” means the delivery of possession within this state for a unit for consideration for a period of less than thirty (30) days.
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Terms Used In Tennessee Code 55-4-123

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Owner: means a person who holds the legal title of a vehicle, or in the event a vehicle is the subject of an agreement for the conditional sale or lease thereof, with the right of purchase upon performance of the conditions stated in the agreement and with an immediate right of possession vested in the conditional vendee or lessee, or in the event a mortgagor of a vehicle is entitled to possession, then the conditional vendee or lessee or mortgagor shall be deemed the owner for the purpose of this chapter and chapter 10, parts 1-5 of this title. See Tennessee Code 55-8-101
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Truck: means every motor vehicle designed, used or maintained primarily for the transportation of property. See Tennessee Code 55-8-101
  • Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
(b) Owners of fleets of rental trucks and truck tractors may designate to the commissioner for allocation their respective rental fleets. Each such designation shall disclose the number of units in the owner‘s rental fleet. Each owner of a fleet of rental trucks and truck tractors so designated to the commissioner shall register in this state a proportional part of the owner’s rental fleet, which proportional part shall be determined by dividing the mileage of all units in the designated fleet driven in this state during the year ending on the preceding August 31, by the total mileage of all units in the designated fleet during the same period.
(c) No such fleet of trucks shall include less than five (5) units, and these fleets shall include only units maintained solely for rental purposes.
(d) The commissioner may promulgate reasonable rules for the furnishing of data by owners of rental fleets respecting the units which constitute each rental fleet, the number of miles traveled in this state by units of each fleet, and the total mileage of all units in each designated fleet, in order to determine proper allocation of each rental fleet for registration in this state.
(e) After the owner of a fleet of rental trucks has registered in this state, the number of units in the fleet that the commissioner has allocated for registration in this state according to this chapter, all units properly identified as belonging to the owner, and that shall be part of the owner’s designated rental fleet, licensed in any state, territory, province, county, or the District of Columbia, shall be permitted to operate in this state on an interstate or an intrastate basis.
(f) In addition to the costs of registration plates provided for in this section, there shall be levied a special handling fee of four dollars ($4.00) on each unit in the owner’s rental fleet registered within the state that is principally operated outside of this state and that is owned by a business entity, commercial enterprise or corporation that has its principal place of business outside of this state. All funds derived from the proceeds of this subsection (f) are directed to the county general fund and credited as fees collected by the county clerk.
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