The stamp of historic cars twenty years in the sights of the tax reform, under discussion in Parliament. To the Tax Decree in fact some political forces have presented a series of amendments, which aim to cancel and revoke the tax breaks at the age of twenty, young timers of historical interest.
Revocation of the exemption for 20-year historic car tax
Revocation of the exemption for the tax stamp on twenty-year historic cars. At the moment we are talking about a hypothesis, but that could become reality if the three amendments tabled by Pd, M5S, Italia Viva.
Specifically, the three parties presented three amendments, which point to cancel the 50% discount (but some Regions have raised it to 100%) on “cars and motorcycles of historical and collectible interest with registration seniority between twenty and twenty-nine years, if in possession of the certificate of historical significance “.
Historic cars jobs in crisis
The possible cancellation of the tax exemption for historic cars would hit the automotive sector, already deeply tested by the post-economic crisis. Covid. Behind the passion for classic cars, in fact, are hidden professionalism And jobs.
According to the analysis ofAutomotoclub Storico Italiano, with Covid the sector has lost over half a billion euros. The 75% of this value – equal to 375 million euros – refers to professional operators such as artisans, traders, micro and small businesses which deal with the management, maintenance, restoration and production of specific parts for historic vehicles: activities that, under the “lockdown” regime, had reduced their operations by 70%.
Revocation of historic car tax exemption, ASI: “No to the sting”
“The amendment could have very serious effects in the sector – explains the president of ASI, Alberto Dark – and not just economically. It would also undermine the current and future cultural value of these vehicles. If the concern is that there are too many vehicles that enjoy tax protection (due to a law introduced for three years and now fully operational), it can easily be denied: based on the data of the DMV as of November 2, 2021, there are a total of 66,050.
That is 0.14% of the 47,564,572 motor vehicles circulating in Italy and 1.12% of the 5,908,824 motor vehicles over the twenty-year period. I would add that, in addition to being few, they have very low annual mileage (about 1,000 kilometers) and that the pollution they produce is absolutely residual.
By punishing this small minority of vehicles, the benefits for the State would be inconsistent and would compromise the entire professional chain, would encourage the dispersion of our assets and would turn off the employment prospects for many young people.
For our country, the losses would be much higher than the possible revenues. ASI will do everything possible to ensure that this amendment is not converted into law and to illustrate in detail the panorama of national historic motorsport. We encourage green mobility but without destroying the past “.
They might interest you (indeed I recommend it!)
👉 Over twenty-year historic car stamp
👉 How to obtain the “vehicle of historical interest” coupon
👉 Expiry car tax, date when to pay the car tax
👉 Unpaid car tax
👉 Historic car races
👉 Historic cars historic models
👉 Auto events, fairs, demonstrations, expo
👉 Meetings of car enthusiasts
👉 Historic classic sports car magazine ELABORATE Classic
👉 CAR TICKET NOTICE Stay up to date on all the news of the car tax from our section dedicated to updates on the car tax.
They might interest you (indeed I recommend it!)
👉 Over twenty-year historic car stamp
👉 How to obtain the “vehicle of historical interest” coupon
👉 Expiry car tax, date when to pay the car tax
👉 Unpaid car tax
👉 Historic car races
👉 Historic cars historic models
👉 Auto events, fairs, demonstrations, expo
👉 Meetings of car enthusiasts
👉 Historic classic sports car magazine ELABORATE Classic
👉 CAR TICKET NOTICE Stay up to date on all the news of the car tax from our section dedicated to updates on the car tax.
💥 I notify: to stay updated and receive latest news on your mail subscribe to the automatic Newsauto newsletter HERE.
👉 What do you think? Take a leap on the FORUM!
#Exemption #vintage #car #tax #revocation #twenty #years