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Virginia Bill to Benefit Vehicle Restoration Projects Approved by Legislature
Legislation 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 approved by the Virginia State Legislature and now has been sent to the governor for his signature and enactment into law. Additional amendments to the bill drafted by SEMA will now totally exempt 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 would remain exempted from the tax.