By SEMA Washington, D.C., Staff

The entire Kentucky House of Representatives approved amended 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 by the House Transportation Committee and approved by the entire Kentucky House of Representatives. 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 will now be considered by the Senate Appropriations and Revenue Committee.

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 entire Kentucky House of Representatives approved amended 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 by the House Transportation Committee and approved by the entire Kentucky House of Representatives. 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 will now be considered by the Senate Appropriations and Revenue Committee.

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 entire Kentucky House of Representatives approved amended 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 by the House Transportation Committee and approved by the entire Kentucky House of Representatives. 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 will now be considered by the Senate Appropriations and Revenue Committee.

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 entire Kentucky House of Representatives approved amended 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 by the House Transportation Committee and approved by the entire Kentucky House of Representatives. 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 will now be considered by the Senate Appropriations and Revenue Committee.

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

By SEMA Washington, D.C., Staff

	In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

Legislation to exempt all vehicles manufactured in the ’74 model year and earlier from the state’s mandatory biennial emissions inspection program was signed into law in 2011. Under previous law, only vehicles manufactured in ’66 and earlier and “collectibles” were exempt.

Under Federal law, changes to the state’s inspection and maintenance program must be approved by the Environmental Protection Agency (EPA), which has not yet approved the expanded exemption.

In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

While the bill does not expressly state it, it’s likely that it would require similar EPA approval if enacted into law. The new SEMA-supported bill amounts to a rolling exemption, picking up an additional model year for the exemption for each year the law is in place.

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

By SEMA Washington, D.C., Staff

	In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

Legislation to exempt all vehicles manufactured in the ’74 model year and earlier from the state’s mandatory biennial emissions inspection program was signed into law in 2011. Under previous law, only vehicles manufactured in ’66 and earlier and “collectibles” were exempt.

Under Federal law, changes to the state’s inspection and maintenance program must be approved by the Environmental Protection Agency (EPA), which has not yet approved the expanded exemption.

In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

While the bill does not expressly state it, it’s likely that it would require similar EPA approval if enacted into law. The new SEMA-supported bill amounts to a rolling exemption, picking up an additional model year for the exemption for each year the law is in place.

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

By SEMA Washington, D.C., Staff

	In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

Legislation to exempt all vehicles manufactured in the ’74 model year and earlier from the state’s mandatory biennial emissions inspection program was signed into law in 2011. Under previous law, only vehicles manufactured in ’66 and earlier and “collectibles” were exempt.

Under Federal law, changes to the state’s inspection and maintenance program must be approved by the Environmental Protection Agency (EPA), which has not yet approved the expanded exemption.

In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

While the bill does not expressly state it, it’s likely that it would require similar EPA approval if enacted into law. The new SEMA-supported bill amounts to a rolling exemption, picking up an additional model year for the exemption for each year the law is in place.

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

By SEMA Washington, D.C., Staff

	In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

Legislation to exempt all vehicles manufactured in the ’74 model year and earlier from the state’s mandatory biennial emissions inspection program was signed into law in 2011. Under previous law, only vehicles manufactured in ’66 and earlier and “collectibles” were exempt.

Under Federal law, changes to the state’s inspection and maintenance program must be approved by the Environmental Protection Agency (EPA), which has not yet approved the expanded exemption.

In 2014, legislation has been introduced to exempt all vehicles manufactured in or before the model year “that is 40 years before the year in which the inspection is due.”

While the bill does not expressly state it, it’s likely that it would require similar EPA approval if enacted into law. The new SEMA-supported bill amounts to a rolling exemption, picking up an additional model year for the exemption for each year the law is in place.

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