On 30 November, in a joint session of the Finance and Labor Commissions of the Senate, the amendment was withdrawn 7.0.20 proposed as part of the Tax Law Decree, inherent in the abolition of tax benefits for certified and registered vehicles of historical and collectible interest aged between 20 and 29 years. These ‘classic’ cars, as soon as they enter the category, currently pay a reduced stamp duty as a form of protection for their conservation. The tax is reduced by 50%.
Alarm returned, therefore, for ASI, Automotoclub Storico Italiano, which has always supported the tax relief, defending it with the sword even in these autumn days. Politics has tried the so-called ‘blitz’, but evidently the data on the emissions of these vehicles, rather low in relation to their actually moderate use compared to the vast majority of more modern cars, convinced the members of the commissions to desist.
“ASI and all fans thank the parliamentarians who have listened to 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 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 vehicles that today benefit from this concession are 0.15% of the total vehicle fleet and 1.14% of the twenty-year vehicle fleet (DMV data as of November 2, 2021): numbers that do not justify penalizing actions in the face of what 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 has no impact on the necessary renewal of the vehicle fleet in circulation“.
The concessions are for now ‘safe’; however, car taxes remain a hot topic, even in light of the advent of electric cars. The regulatory environment could rapidly and radically change in the coming years, considering that excise and pollution taxes will collect less revenue than today.
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