Update below from the 4Cs, authored by the individual that testified at the Committee Hearings. As an FYI, from the GreenwichTime.com ( CT ):
" The state Department of Motor Vehicles currently caps the annual assessment at $500 for each of the 47,730 autos in the special program. "
Read more:
Bill would tax antique cars fivefold - GreenwichTime
" House Bill 5405, which proposed to introduce a state wide mill rate on all motor vehicles, raise the maximum property tax assessed value of an antique car from $500 to $2500, and increase the age of an antique car from 20 to 30 years is dead. The bill, which narrowly made it out of committee and was sitting on the House calendar for a vote, did not get voted on by the full House (or the Senate). As such, the maximum $500 assessed value on an antique, rare or special motor vehicle will remain in effect, and the minimum age for an antique, rare or special interest motor vehicle will remain at 20 years. That is very good news! "
" In other good news, House Bill 5164, which proposed to eliminate the use of year of manufacture plates along with many other items related to the Department of Motor Vehicles, was amended. The amendment deleted the section of the bill eliminating the use of Year of Manufacture Plates. The amended version of the bill passed both the House and the Senate and will be sent to the Governor for his signature. As such, the use of Year of Manufacture Plates will continue to be allowed in Connecticut. The fact that the Legislature was compelled to back off on the elimination of Year of Manufacture plates is directly attributable to the Connecticut automotive hobbyists contacting their legislators and voicing their opposition to the elimination . Great work to those of you who contacted their legislators! The amendment was offered by Representatives Guerrera and Scribner and Senators Maynard and Boucher. I understand Senator Bob Duff from Norwalk was instrumental in working behind the scenes to get the Amendment introduced. Thank you Senator Duff! "