Senate Bill 2986 proposes the implementation of a special privilege tax on motor vehicles operating on public roads and highways in Cheatham County, excluding state-maintained roads. The tax rates are specified for various vehicle categories, including motorcycles, passenger automobiles, and trucks, with amounts ranging from $17.00 to $75.00 depending on the vehicle class. The bill stipulates that the tax applies only to residents of Cheatham County and outlines exemptions for certain individuals, such as disabled veterans and military personnel stationed outside the state. The tax will be collected annually by the Cheatham County Clerk, who will also charge a fee for processing the tax.

Additionally, the bill repeals several previous acts related to motor vehicle privilege taxes in Cheatham County, consolidating the authority for this tax under the new legislation. The proceeds from the tax will be allocated to various funds, including the General Purpose School Fund, the Education Debt Service Fund, and the Highway Department Fund. The act will take effect upon approval by a two-thirds vote of the Cheatham County legislative body, with provisions for immediate implementation for the purpose of public welfare.