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Committee classifies older vehicles as antiques for ad valorem tax, approves HB308
2373976 · February 21, 2025
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Summary
Committee members approved House Bill 308 after the Department of Revenue requested language clarifying that vehicles 25 years or older be treated as antiques and assessed at a $100 value for ad valorem purposes.
A House committee approved House Bill 308 after adopting language requested by the Department of Revenue to classify vehicles 25 years or older as antiques for ad valorem tax purposes.
A committee presenter explained the Department of Revenue…
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