Bill > SB1673

This bill amends Tennessee law to clarify the definition of "motor bus and/or truck companies" for state assessment purposes, specifically excluding towing companies and including those operating commercial motor vehicles registered through systems like PRISM (Performance and Registration Information Systems Management) or the FMCSA (Federal Motor Carrier Safety Administration), as well as defining "subsurface passenger transit companies" which operate vehicles through underground tunnels for passenger transport. It also requires these subsurface passenger transit companies to provide additional detailed information to the comptroller of the treasury, including a list of tangible personal property, descriptions of their tunnels and stations, operational costs, and any other information the comptroller deems necessary for accurate state assessments.