SEMA-supported legislation to provide that historical vehicle owners only pay a one-time registration fee of $100 upon initial registration was passed by the New York Senate Transportation Committee. The bill will now be considered by the Senate Finance Committee. The reduced registration fee would be available to owners of historical vehicles owned and operated as an exhibition piece or collector’s item and used for club activities, exhibits, tours, parades, occasional transportation and similar uses. Under current New York law, a historical motor vehicle is either a vehicle manufactured more than 25 years ago or one which has unique characteristics and which is determined to be of historical, classic or exhibition value. The $100 one-time fee would replace the current annual fee of $28.75.
For more information, click here. For details, contact Steve McDonald at stevem@sema.org.