The stamp of historic cars twenty years has been in the crosshairs of the tax reform, under discussion in Parliament. To the Tax Decree in fact some political forces last week had presented a series of amendments, which aimed to cancel and revoke the tax breaks at the age of twenty, young timers of historical interest.
In the end, fortunately, the common sense and in a joint session of the Finance and Labor Committees of the Senate, amendment 7.0.20 was withdrawn. of discord.
Revocation of the exemption for 20-year historic car tax
Revocation of the exemption for the tax stamp on twenty-year historic cars. Amendment 7.0.20 called for the abolition of tax benefits for certified and registered vehicles of historical and collectible interest aged between between 20 and 29 years, who currently pay a subsidized tax as a form of protection for their conservation.
For once common sense prevailed and this amendment was rejected and rejected by the Finance and Labor Commissions of the Senate.
The cancellation of the 20-year tax benefits had been requested by Pd, M5S, Italia Viva. The three parties in recent weeks had tabled 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 seniority of registration between twenty and twenty-nine years, even 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 have affected a part of 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%.
Classic car tax exemption, ASI: “Common sense prevailed”
“ASI and all the fans thank the parliamentarians who listened and understood our theses – he has declared Alberto Dark, president of the Italian Federation of reference for historic motorsport. “Common sense and the importance of protecting the sector certainly prevailed.
We had obtained a lowering of the tax burden in the 2019 Budget, after the protections for the ‘youngtimers’ were eliminated between 2015 and 2018, causing the dispersion of part of the national motoring heritage and the weakening of the related activities linked to the professional supply chain.
The twenty-year-old vehicles that now enjoy this concession are 0.15% of the total vehicle fleet and 1.14% of the twenty-year vehicle fleet (data from the Motorization at 2 November 2021): numbers that do not justify penalizing actions in the face of this that they are able to produce in terms of cultural, tourist and economic development, generating very important employment scenarios for future generations. Protecting them is our specific duty and does not have any impact on the necessary renewal of the vehicle fleet “.
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
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