HB4068 S TRAN AM #1
Casey - 7988
The Committee on Transportation and Infrastructure moved to amend the bill by striking out everything after the enacting section and inserting in lieu thereof the following:
ARTICLE 1C. FAIR AND EQUITABLE PROPERTY VALUATION.
§11-1C-5c. Antique motor vehicle valuation for personal property tax purposes.
Notwithstanding any other provision of this code to the contrary, any vehicle that is registered as an antique motor vehicle as defined in section three-a, article ten, chapter seventeen-a of this code and that is not used for general transportation shall be assigned an assessed value of $1,000 for purposes of ad valorem property taxes.