UPDATE: Indiana Tax Exemption Bill for Collector Vehicles Passes House; Moves to Senate
DON’T DELAY! Please contact the Senate Homeland Security and Transportation Committee immediately to request support for H.B. 1506:
You may use the following points in your message:
- H.B. 1506 exempts certain “collector vehicles” from the motor vehicle excise tax. To be eligible a collector vehicle cannot be operated on the highway.
- In Indiana, a collector vehicle is defined as a vehicle at least 25-years old; owned and operated as a collector’s item, a leisure pursuit, or an investment; and not used primarily for transportation.
- H.B. 1506 demonstrates a real effort by legislators to enact reasonable and fair legislation to benefit the automobile restoration hobby.
Overview: Legislation (H.B. 1506) (H.B. 1506) has been introduced in Indiana to exempt certain collector vehicles from the motor vehicle excise tax. The bill passed the House and now awaits consideration in the Senate Homeland Security and Transportation.