Ct is trying to pass a new Bill that will do a 400% increase on Antique Cars

LeoVampire

LeoVampire

New England Marauder Member
Help Stop the Connecticut Collector Car Tax Increase
April 14, 2011
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The Connecticut State Legislature is actively considering a bill targeted at collector car owners that would result in a 400% tax increase on the personal property taxes paid for antique vehicles. This move would raise the personal property tax cap from $500 to $2500 for each registered antique car. The Historic Vehicle Association, an organization dedicated to protecting the rights of collector car owners and an affiliate of Hagerty, has been working to kill this bill but we need your help.
The proposed tax increase would apply to registered antique vehicles that are 30 years or older. If a vehicle is registered as a regular driver and not registered as an antique then no property tax cap would apply and the increase could be even more.
The negative impacts of this proposed tax in HB 5580 are as follows:

  • This 400% tax increase focuses on one percent of the population potentially causing an antique vehicle owner to pay more vehicle tax than property tax for their home.
  • This attempt to raise $2 million for local municipalities could potentially cost the state money through deferred registration of antique vehicles where people are tempted to register their cars in other states or sell their antique vehicles outright.
  • Nationally, antique car owners spend $35 billion each year and donate more than $59 million to charitable organizations. Connecticut car clubs host hundreds of events each year and support for these events, charities and local business revenue could suffer or completely disappear. Less antique cars would have a negative overall economic impact in the State of Connecticut.
The Historic Vehicle Association urges everyone to contact Connecticut State Legislators to encourage them to oppose House Bill 5580. Contact information for each Connecticut Legislator can be found below. Please call to tell them what you think about this anti-hobby money grab:
 
A$$hats!!!!! :mad2:

All Politicians shouls take a 25% to 50% pay cut to help pay for the deficit.
 
If it passes we are moving that is for sure!

I have the Marauder under listed under Hagerty Ins. as a collector car so that would mean they could charge what ever they want for tax's each year on her and through the registry of motor vehicles they can get that info.
 
It is a luxury item, if you cannot afford it sell it. People are hurting out there and more Gov't spending will stop the pain.
Do you want the less fortunate to suffer or antique car owners pay their fare share?
 
sailsmen said:
It is a luxury item, if you cannot afford it sell it. People are hurting out there and more Gov't spending will stop the pain.
Do you want the less fortunate to suffer or antique car owners pay their fare share?
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Your joking right? :mad2:

We just need to keep our money in the U.S. and not help everyone else outside the country unless it is profitable.
 
LeoVampire said:
If it passes we are moving that is for sure!

I have the Marauder under listed under Hagerty Ins. as a collector car so that would mean they could charge what ever they want for tax's each year on her and through the registry of motor vehicles they can get that info.
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See if it would be cheaper to insure it as a regular vehicle instead of a collector car or antique! That may be an alternative???
 
If you own an antique car you can afford the tax because you have more than you need.

Look at how successfull the Luxury Tax was in the USA and France.
 
sailsmen said:
If you own an antique car you can afford the tax because you have more than you need.

Look at how successfull the Luxury Tax was in the USA and France.
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What if I own a honda civic for 25 yrs because Im just a cheapo. Do you feel I can afford the tax as well?
 
Egon Spengler said:
See if it would be cheaper to insure it as a regular vehicle instead of a collector car or antique! That may be an alternative???
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So give up getting enough money to replace her with something comparable and new like I bought her if she is totaled out to a Ins. company that will only give you book value not collector value?

Progressive wants $1,450.00 a year with a $250.00 deductible with only a pay off of $12,000 max that doesn't cover the add on's to the car.

Hagerty I pay $725.00 a year with a $70,000.00 pay off and $0.00 deductible.

So it is kinda a no brainer there.
 
My Uncles 442 is insured up to $25K and it costs him something like $350 a year or something really cheap like that. The thing is that he never takes the car out, I dont think he put 1500 miles on the car since the engine rebuild 6 yrs ago. It makes no sense to insure or register it like a regular car. He spends less in gas for the year.
 
sailsmen said:
It is a luxury item, if you cannot afford it sell it. People are hurting out there and more Gov't spending will stop the pain.
Do you want the less fortunate to suffer or antique car owners pay their fare share?
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I hope you are being sarcastic here, this kind of surprises me if you are being serious.


If you are, I'd counter it with: "this destroys any incentive to have nice things, and effectively diminishes anyone's desire to bother working hard or produce quality things."

Last time I checked, the great majority of people out there that can afford the purchase and upkeep of a well-maintained antique car already paid their "fair share"...


Now come on, we're waiting for the "lol j/k". :D
 
sailsmen said:
It is a luxury item, if you cannot afford it sell it. People are hurting out there and more Gov't spending will stop the pain.
Do you want the less fortunate to suffer or antique car owners pay their fare share?
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Let them suffer. Most made stupid choices in life. Fk them!!

Let reward those who made asshat choices in life and punish the ones who didn't. I hope you are joking other wise you are as stupid as those who want more freebies!!



Sent from my iPhone
Go White Sox!!!
 
Blackened300a said:
What if I own a honda civic for 25 yrs because Im just a cheapo. Do you feel I can afford the tax as well?
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Yes, from all the money you saved up from not buying a new car! Your selfish stinginess by stuffing that money in your mattress to sleep on kept it out of the ecnonomy where it would have benefited others!

Taking money from those who have it, keeping an admin fee for your troubles and giving it to others is the most alturistic act of man kind.

Free your self from your excessive greed and let the Gov't take all you do not need as only Gov't can deem.

People are starving and homeless!
 
What's a property tax?

Even with all our problems, Texas is a great state.

I just put Antique Vehicle plates on my old F150. $50 and it's good for 5 years.
 
just something else for politicians to attack, and tax to the point of no return!
 
mrjones said:
What's a property tax?

Even with all our problems, Texas is a great state.

I just put Antique Vehicle plates on my old F150. $50 and it's good for 5 years.
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Massachusetts calls it a road tax that you pay on your car each year but in CT it is handled like a house Property tax.

The mill rate changes for what ever city you live in. In Waterbury we pay a bit more because the state had to bail them out of Bankruptcy.

Before that happened they raised the mill rate to a point where half the elderly lost their houses to back tax's and still a ton of those homes are empty now or drug users are squatting in them.

They found out years down the road the politicians were stealing from the city. :censor:

Plus CT went for years without an income tax and Massachusetts was called TaxaChusetts instead. Now CT has more tax's than Mass to stay afloat for years of being stupid.

Gasoline tax and income tax just went up again in the state as well as extra to have a pet groomed get a hair cut, cigarets and now have to pay extra for plastic bags out of a grocery store to cover recycling of them.
 
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motown marauder said:
just something else for politicians to attack, and tax to the point of no return!
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In that sense too, we all knew it was a matter of time.

As many others have predicted before, I'm sure next will be a V8 tax, or a higher-than-set-displacement tax.

Heck then we may see a horsepower tax (as if higher insurance rates weren't enough of a "tax" already, amirite?).

Two-seater tax, 4-wheel tax, etc...
 
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