By SEMA Washington, D.C., Staff

The Senate Budget and Taxation Committee will consider legislation authorizing a county or municipality to impose an annual surcharge for the registration of a motor vehicle.

Legislation authorizing a county or municipality to impose an annual surcharge for the registration of a motor vehicle will be considered by the Senate Budget and Taxation Committee, February 19, 2014. The measure provides for a surcharge up to $20 per year and requires that revenue from the surcharge be used for transportation development purposes. In addition, the bill makes no special exception for hobby cars, such as street rods and historic vehicles that constitute a small portion of the vehicle fleet, are infrequently operated and deserving of lower taxes and fees.

For more information, visit the SEMA Action Network website. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

The Senate Budget and Taxation Committee will consider legislation authorizing a county or municipality to impose an annual surcharge for the registration of a motor vehicle.

Legislation authorizing a county or municipality to impose an annual surcharge for the registration of a motor vehicle will be considered by the Senate Budget and Taxation Committee, February 19, 2014. The measure provides for a surcharge up to $20 per year and requires that revenue from the surcharge be used for transportation development purposes. In addition, the bill makes no special exception for hobby cars, such as street rods and historic vehicles that constitute a small portion of the vehicle fleet, are infrequently operated and deserving of lower taxes and fees.

For more information, visit the SEMA Action Network website. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

The House Transportation Committee amended and approved Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax.

Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax was amended and approved by the House Transportation Committee. Under the amendment, newer vehicles would be valued at the “average trade-in” value.

Previously, the bill required these vehicles to be valued at the higher "clean trade-in" value. The bill continues to put a new valuation procedure in place for older vehicles. Vehicles 20 years old or older would no longer be presumed to be in "original factory" or "classic" condition. The measure instead provides three options for assessing the value of these vehicles. The bill now moves to a vote by the full Kentucky House of Representatives.

For more information, visit the SEMA Action Network website. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

The House Transportation Committee amended and approved Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax.

Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax was amended and approved by the House Transportation Committee. Under the amendment, newer vehicles would be valued at the “average trade-in” value.

Previously, the bill required these vehicles to be valued at the higher "clean trade-in" value. The bill continues to put a new valuation procedure in place for older vehicles. Vehicles 20 years old or older would no longer be presumed to be in "original factory" or "classic" condition. The measure instead provides three options for assessing the value of these vehicles. The bill now moves to a vote by the full Kentucky House of Representatives.

For more information, visit the SEMA Action Network website. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

The House Transportation Committee amended and approved Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax.

Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax was amended and approved by the House Transportation Committee. Under the amendment, newer vehicles would be valued at the “average trade-in” value.

Previously, the bill required these vehicles to be valued at the higher "clean trade-in" value. The bill continues to put a new valuation procedure in place for older vehicles. Vehicles 20 years old or older would no longer be presumed to be in "original factory" or "classic" condition. The measure instead provides three options for assessing the value of these vehicles. The bill now moves to a vote by the full Kentucky House of Representatives.

For more information, visit the SEMA Action Network website. For details, contact Steve McDonald at stevem@sema.org.

By SEMA Washington, D.C., Staff

The House Transportation Committee amended and approved Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax.

Kentucky legislation to change the valuation procedure on vehicles registered in the state for purposes of the property tax was amended and approved by the House Transportation Committee. Under the amendment, newer vehicles would be valued at the “average trade-in” value.

Previously, the bill required these vehicles to be valued at the higher "clean trade-in" value. The bill continues to put a new valuation procedure in place for older vehicles. Vehicles 20 years old or older would no longer be presumed to be in "original factory" or "classic" condition. The measure instead provides three options for assessing the value of these vehicles. The bill now moves to a vote by the full Kentucky House of Representatives.

For more information, visit the SEMA Action Network website. For details, contact Steve McDonald at stevem@sema.org.