News » Proposed 400% Tax Increase for Connecticut Antique Car Owners Would Have Negative Overall Economic Impact
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Proposed 400% Tax Increase for Connecticut Antique Car Owners Would Have Negative Overall Economic Impact
Posted on April 21, 2011 | Leave a comment »
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 $2,500 for each registered antique car. The Historic Vehicle Association, an organization dedicated to protecting the rights of collector car owners, opposes this bill.
Read more Here, Posted by Angelo Van Bogart - Under the Hood
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