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Iowa Introduces Bill to Reduce Registration Fee for Limited-Use Older Motor Vehicles
SEMA is supporting a bill in the Iowa State Legislature to allow any vehicle that is 25 years old or older and used only for exhibition, entertainment or educational purposes to be registered for an annual fee of $5. Under current law, a motor vehicle that is 25 years old or older may be registered as an antique vehicle upon payment of the regular annual registration fee for the vehicle.
Certain vehicles that are 25 years old or older and used only for exhibition, entertainment or educational purposes may be registered as "limited-use" vehicles, subject to a registration fee of $40 for a two-year period.