Legislation to increase the age requirement for vehicles eligible for registration as “antique, rare or special-interest motor vehicles” was passed by the Connecticut Joint Committee on Planning and Development. The bill was amended in Committee to increase the age requirement for registration as an antique to 30 years old and increase the tax assessment amount on vehicles registered as antiques to $2,500. Currently, vehicles 20 years old or older are eligible for antique status. 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 bill will next be considered by the full House of Representatives. Among other things, the bill makes it more expensive to register legitimate collector vehicles and will require antique, rare or special-interest motor vehicles that no longer qualify for special plates to have them replaced with standard plates and taxed using the same calculations used to assess taxes on regular, daily-driver vehicles.
For more information, click here. For details, contact Steve McDonald at stevem@sema.org.