Virginia Governor Vetoes Bill to Benefit Vehicle Restoration Projects
SEMA Action Network Update Legislation (H.B. 878) that originally threatened to provide localities with the authority to raise from $100 to $500 the amount charged for an annual license tax…
SEMA Action Network Update
Legislation (H.B. 878) that originally threatened to provide localities with the authority to raise from $100 to $500 the amount charged for an annual license tax for vehicles that do not display current license plates was vetoed by Virginia Governor Bob McDonnell. The Governor cited a conflict with current law as the reason for not approving the bill. Amendments to the bill drafted by the SEMA Action Network in consultation with state hobbyist groups totally exempted from the license tax ALL vehicles and parts cars that are stored on private property for the purpose of restoration or repair. Vehicles stored within a structure remained exempted from the tax.
Under current law, all vehicles, even those 25 years old and older are subject to the license tax. Under the amended H.B. 878, the exemption for all cars, regardless of age that are undergoing restoration (for as long a time period as the restoration work requires) represented a new benefit to car owners and demonstrated a real effort by legislators and hobbyists to enact reasonable and fair compromise legislation.
Thank you to all who participated in supporting the amended H.B. 878.
Angelo Van Bogart is the editor of Old Cars magazine and wrote the column "Hot Wheels Hunting" for Toy Cars & Models magazine for several years. He has authored several books including "Hot Wheels 40 Years," "Hot Wheels Classics: The Redline Era" and "Cadillac: 100 Years of Innovation." His 2023 book "Inside the Duesenberg SSJ" is his latest. He can be reached at avanbogart@aimmedia.com