SEMA eNews Vol. 11, No. 5, January 31, 2008

VERMONT INTRODUCES BILL TO IMPLEMENT VEHICLE SCRAPPAGE PROGRAM

A bill has been introduced in the Vermont State Senate that would implement a vehicle scrappage program and finance it with a progressive purchase and use tax and higher registration fees for some new motor vehicles based on fuel-efficiency ratings. Funds collected under the program would be used dismantle vehicles deemed by the state to be “clunkers,” regardless of their historical value or collector interest. 

If this effort is successful, purchasing the vehicle of your choice could be significantly more costly. Furthermore, this proposed scrappage program could deny hobbyists the availability of vintage cars and parts for restoration projects.

For more information, click here.  

For details, contact Steve McDonald at stevem@sema.org.

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