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Committee classifies older vehicles as antiques for ad valorem tax, approves HB308
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 asked that qualifying vehicles be treated under the antique classification so that they would be assessed annually at a hundred‑dollar value and taxed against that assessed value. The presenter described the change as the primary revision requested by the Department of Revenue following earlier discussions.
Committee members asked questions about how the antique classification would interact with mileage and time rates and noted public inquiries about smaller vehicles and ‘‘mini’’ trucks. One member said he had received emails asking for support for miniature vehicles on the road.
A motion to approve the bill passed by voice vote; the transcript records the committee’s approval but does not include a numerical roll‑call tally in the record.
