collector car tax

Kentucky bill would assess new collector car property tax rates

Kentucky Reintroduces Bill to Assess Motor Vehicles for Property Tax Legislation (H.B. 20) to put in place a new valuation procedure for older vehicles was reintroduced.  Vehicles 20 years old or older would no longer be presumed to be in “original factory” or “classic” condition. Original factory and classic vehicles are currently assessed as...

Connecticut may increase property taxes on collector vehicles

Connecticut Reintroduces Bill to Increase Property Taxes on Antique/Rare/Special Interest Motor Vehicles SEMA Action Network Update: The governor has introduced legislation (S.B. 843) to eliminate a provision in the Connecticut statutes that allows antiques, rare or special interest motor vehicles to be assessed at a value of no more than $500.  Under the bill,valuation...