(a) There shall be exempt from the tax imposed by this chapter, the transfer, by any dealer in personal property, of motor vehicles with a gross vehicle weight rating (GVWR) of a Class three (3) or above as defined in § 55-4-113 and trailers, semi-trailers and pole-trailers as defined in §§ 55-1-105 and 55-4-113 that shall be used to transport passengers or cargo principally in interstate or foreign commerce by a carrier holding common or contract carrier operating authority granted by the federal government or other state regulatory agency.(b) 'Principally,' as used in subsection (a), means more than fifty percent (50%) of the use of the vehicle.(c) A motor vehicle is used to transport passengers or cargo in interstate or foreign commerce if it transports passengers or cargo moving from a point of origin in another state or foreign country to a point of destination within this state, or vice versa; or moving through this state from a point of origin in another state or foreign country to a point of destination in a different state or foreign country.Acts 1984, ch. 847, § 1; 1987, ch. 227, § 1; 1991, ch. 207, § 1; 1994, ch. 790, § 1; 2004, ch. 924, §§ 12, 13.
Tennessee Legal Code