Iowa Introduces Bill to Reduce Registration Fee for Older Antique Vehicles

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• H.S.B. 619 reduces the registration fee/tax for older antique vehicles from 5% of the purchase price to 2%.
   
• H.S.B. 619 applies to vehicles 30 years old or older registered as "antique," whose primary value is as a collector’s item and not used for general transportation.
   
• H.S.B. 619 brings Iowa in line with other states seeking to reward automotive enthusiasts and expand opportunities for these prized vehicles to be enjoyed.
   
• H.S.B. 619 recognizes that the collection and restoration of historic and classic cars is an important part of preserving the technological achievements and cultural heritage of the United States.
   

Overview: Iowa has introduced SAN-supported legislation (H.S.B. 619) to reduce the registration fee/tax for older antique vehicles from 5% of the purchase price to 2%. This bill applies to vehicles 30 years old or older registered as antique, whose primary value is as a collector’s item and not used for general transportation. The bill currently awaits consideration in the House Transportation Committee.