Alternative Interval Registration

(1) The provisions of this rule apply to registrations that are taken in accordance with the provisions of T.C.A. §55-4-104. (2) Renewal registrations issued under the percentile grouping set forth in the statute to provide for inauguration of the staggered program shall be in accordance with an alphabetical breakdown of the list of current registrants. At least ninety (90) days prior to the beginning of the statutory renewal period appropriate sets of letters shall be assigned for each of the ten due date periods identified in the statute. REGISTRATION CHAPTER 1320-8-17 (3) In the event a termination date falls on a Saturday, Sunday or holiday, the date of the next regular work day will be the expiration date. (4) In the event of reassignment or re-registration being taken of a staggered license, the credit value for the surrendered registration and the duration of the new license term shall be as follows: (a) Credit for a registration issued under the staggered system and surrendered in application for a registration in a class with uniform annual expiration date will be established by apportioning the year into periods of three months (called quarters), using the expiration date as a base: 1. For each full quarter remaining in the outstanding registration period, there shall be given a credit of 25 percent of the annual registration tax. 2. No credit will be given for a registration in its last quarter. 3. During the transition to the staggered system, appropriate credit shall be allowed based on quarters for those registrations issued for a period in excess of the normal one year period. (b) When reassigning a registration or re-registering a vehicle between classes issued under the staggered system, the expiration date for the new registration will remain the same as the old one. (5) Registrations designed for the staggered program that are renewed after the expiration date shall be designated as late renewals and shall retain the same month and day for expiration the next year, provided the registration is renewed within 90 days of the date of expiration. Those registrations renewed 91 or more days after the expiration date shall be issued for one year from the date of issue.