Leasing Companies Titling Vehicles - Without Paying Sales and Use Tax

AUTHORITY:
Tenn. Code Ann. Section 67-6-102

DESCRIPTION:

Leasing companies that purchase vehicles from a dealer OR leasing companies that lease vehicles from an equipment company are not required to pay sales and use tax at the time of titling a vehicle as long as the leasing company (the purchaser) has a Tennessee Sales Tax Registration Number.