Legislation to increase the age requirement for vehicles eligible for registration as “antique, rare or special-interest motor vehicles” has been introduced in the Connecticut General Assembly. Under the SEMA-opposed bill, vehicles seeking registration under these classes would be required to be at least 25 years old. Currently, vehicles 20 years old or older are eligible for such status and a reduced assessment for personal property tax purposes. Antique, rare or special-interest motor vehicles are currently assessed at a rate of $500 and owners pay personal property taxes on that amount. The Connecticut Joint Committee on Planning and Development is scheduled to hold a hearing on the bill in early March.
For more information, click here. For details, contact Steve McDonald at stevem@sema.org.