SEMA eNews Vol. 18, No. 9, February 26, 2015

Kentucky Bill to Assess Older Cars for Property Tax Approved by House; Moves to Senate

By SEMA Washington, D.C., Staff

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Under a Kentucky bill, vehicles 20 years old or older would no longer be presumed to be in "original factory" or "classic" condition.

Legislation to put in place a new valuation procedure for older vehicles was approved by the Kentucky House and now moves to the Senate Transportation Committee for consideration. Under the bill, vehicles 20 years old or older would no longer be presumed to be in "original factory" or "classic" condition. Original factory and classic vehicles are currently assessed as high-value collectibles. This measure instead provides three options for assessing the value of these vehicles.

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

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