Wyoming moves to raise antique vehicle fees, eliminate insurance loophole

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Wyoming moves to raise antique vehicle fees, eliminate insurance loophole
(Dan Cepeda, Oil Town)

CASPER, Wyo. — Underneath current Wyoming regulation, individuals are in a position to shell out a one-time $10 cost for an “antique” motor vehicle license plate. Motorists of autos certified as “antiques” are not demanded to have motor motor vehicle liability insurance.

Rep. Landon Brown (Laramie County) explained all through the Home of Associates Monday, March 1 floor session that Residence Bill 19 would modify the definition of antique cars, increase the license registration fee, have to have annual renewal service fees and involve liability insurance plan if the vehicles are driven all-around on normal roads.

“Right now in statute [antique vehicle owners] mainly fork out a just one time fee of $10 and they get a black plate that says ‘Pioneer Plate’ and that is all they ever have to pay…and they can drive this car to car or truck shows, parades, things like that,” Brown reported.

Write-up proceeds underneath…

He reported that three to 4 many years back, regulation enforcement communicated to legislators that they experienced been “were operating into concerns where by they had been finding these people up working with these cars as every working day motorists.”

Brown described that legal responsibility coverage hasn’t been essential because antique autos are usually “covered for substantially bigger than what the title shows” and that the antique car or truck statues ended up framed with the notion that the vehicles would be utilised through special activities alternatively than as an standard indicates of transportation on daily streets.

Household Monthly bill 19 would have to have legal responsibility insurance plan for antique autos. It would also boost antique auto first license plate charges from $10 to $50 and raise the value of transferring license plates from $2 to $10.

The proposed legislation would also include a new need that antique vehicles entrepreneurs to renew registration annually. The charge of the proposed once-a-year validation sticker would be $50.

Brown explained the intent for the cost boosts and the proposed yearly renewal service fees: “If you’re heading to push the car or truck all-around and you’re likely to use the streets, you ought to shell out for the companies that you are becoming supplied.”

The proposed price boosts and new once-a-year validation sticker charges would deliver an believed $10,120 in further revenues for each calendar year for the state’s Freeway Fund, in accordance to the Legislative Assistance Place of work. That estimate is primarily based on the state renewing about 253 “Pioneer” plates for every calendar year.

Brown famous that the laws features a grandfather clause so that individuals who have by now registered for an antique license plate wouldn’t deal with the new costs.

The bill would also modify the definition of antique motor vehicles which are at the moment outlined as motor automobiles which are at minimum 25 yrs previous “and owned exclusively as a collectors product.”

The legislation proposes defining antique vehicles as motor motor vehicles at least 40 many years old which are owned as a collectors item.

The Home passed the bill on 1st looking at (Committee of the Total) on Monday.

An modification proposed for 2nd studying would reduce the fees as proposed in the legislation from $50 to $20 for the preliminary rate and renewal charges and decrease the transfer fee from $10 to $5. The service fees as proposed less than the modification would nevertheless be a hike from existing charges.

The proposed legislation would go into effect on July 1, 2021 if passed into legislation. The invoice is sponsored by the Wyoming Legislature’s Joint Transportation, Highways & Military services Affairs Interim Committee.