SEMA is supporting Nevada legislation to repeal a 2009 increase in the valuation of older vehicles for the purpose of assessing the yearly government services tax. The 2009 increase raised the tax assessment from 5% to 15% of the initial value of a vehicle nine years old and older. A.B. 343 changes the yearly assessment rate back to 5% of the initial value. The bill has been referred to the Assembly Taxation Committee for consideration.
Law & Order
Save Our Race Cars: Your Letters Are Making A Difference!
September 23, 2021 | Vol. 24, No. 38View Article