Provides a one time fee for the registration of historic motor vehicles

2 Co-sponsors

• Martin J. Golden
• Thomas F. O'Mara

BILL NUMBER:S1899

Title of bill

An act to amend the vehicle and traffic law, in relation to registration fees for historic vehicles

Purpose or general idea of bill

Relates to a one time registration of antique vehicles, street rods, and custom vehicles.

Summary of specific provisions

Section 1. Subdivision 7 of section 401 of vehicle and traffic law is amended by adding a new schedule M to read as follows: M. Schedule for antique vehicles, street rods, and custom vehicles. For each motor vehi- cle which is owned or operated as an exhibition piece or a collector's item, and which is used for participation in club activities, exhibits, tours, parades, occasional transportation and similar uses, but not used for general daily transportation, a one-time initial registration fee of one-hundred dollars.

Justification

With New York State facing an ever-increasing budget deficit, this legislation could present an influx of income from the collection of this one-time registration fee, and realize roughly between $12 million to $20 million dollars of revenue.

As market trends come and go, it seems that the antique car, street rod, and custom car segment remains a consistent and popular segment of the automotive market. For many vehicle enthusiasts in New York and through- out America, building, maintaining, and enjoying their vehicles is a favorite pastime, preserving a slice of American History. The owners of these vehicles have been very strong proponents of this one-time regis- tration proposal.

Prior legislative history

2011 - Passed Senate; Held in Transportation Committee in Assembly. 2012 - Passed Senate; Held in Transportation Committee in Assembly.

Fiscal implications

EFFECTIVE DATE: This act shall take effect immediately.