Auto hobbyists nationwide should be aware of pending legislation in Connecticut. H.B. 5580 restricts access to antique vehicle registration and increase fees.
The bill increasing the age requirement for vehicles eligible for registration as “antique, rare or special interest motor vehicles” has been passed by the Connecticut Joint Committee on Planning and Development. The committee amended in Committee the bill 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.
- • Increases the tax assessment on antique vehicles from $500 to $2,500.
- • Increases the age requirement for antique vehicles from 20 to 30 years. This mandating standard plate fees using the same calculations used to assess taxes on regular, daily driver vehicles.
- • Ignores the fact that existing antique, collector, rare or special interest motor vehicles constitute a small portion of the vehicle fleet and are well-maintained and infrequently operated. It also ignores that collector cars are generally only used for club activities, exhibitions, tours, parades and occasional pleasure driving.
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.
Connecticut residents are encouraged to contact their representatives to voice their opposition to H.B. 5580.
In these times of attempting to increase tax revenues, auto hobbyists nationwide are encouraged to review legislation in their respective states to ensure that similar “anti-hobby” bills, which negatively impact our hobby, are modified or not enacted.
I encourage you to monitor The Specialty Equipment Market Association Action Network (www.semasan.com), to find about auto hobbyist legislation across the country.