Tennessee § 67-6-388 - Exemption from sales and use tax on leased motor vehicles for insurance proceeds paid on damage settlements.
Full text of Tennessee Tennessee Code Annotated § 67-6-388 — Exemption from sales and use tax on leased motor vehicles for insurance proceeds paid on damage settlements., with citation guidance and answers to common questions.
§ 67-6-388. Exemption from sales and use tax on leased motor vehicles for insurance proceeds paid on damage settlements.
Notwithstanding this chapter or any other law to the contrary, there shall be an exemption from sales and use tax otherwise imposed on the gross proceeds of motor vehicle leases for insurance proceeds paid pursuant to a damage settlement by an insurance company to the owner of a leased passenger motor vehicle, where that vehicle has sustained damage that renders the vehicle a salvage vehicle, nonrepairable vehicle or flood vehicle, and the owner transfers title to such damaged vehicle to the insurance company. Acts 2004, ch. 823, § 1.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 67-6-388
What does Tennessee Code Annotated § 67-6-388 cover?
Section 67-6-388 ("Exemption from sales and use tax on leased motor vehicles for insurance proceeds paid on damage settlements.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 67-6-388?
A common citation format is "Tennessee Code Annotated § 67-6-388" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 67-6-388 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.