Motor Vehicles, Titling and Registration - As enacted, creates new specialty earmarked license plates; extends certain specialty earmarked license plates; authorizes the funds generated from the issuance of the Historic Franklin new specialty earmarked license plate to also be used to provide financial support for the Chester Inn State Historic Site; authorizes the issuance of motorcycle plates for paratroopers. - Amends TCA Title 55, Chapter 4.

SB 203 creates new specialty license plates in Tennessee, including a "Historic Franklin" plate, and extends existing specialty plate programs. It directs funds from the "Historic Franklin" plate sales to provide financial support for the Chester Inn State Historic Site. The bill also authorizes new motorcycle license plates specifically for paratroopers. These changes directly affect Tennessee drivers purchasing specialty plates, historic site funding, and military personnel participating in the paratrooper plate program.