BRASS-NICKEL
TOURING REGION

underwood

HB 1001
Taxation of Antique Motor Vehicles


HB 1001 was passed into law July 28, 1995 with an effective date of October 1, 1995 and amended G.S. 105-87.7 and G.S. 105.330.9. If the following conditions are met, the motor vehicle will be assessed for taxation purposes at the lower of its true value or five hundred dollars ($ 500.00).

  • The age of the antique automobile must be 35 years or older.
  • The owner must purchase a historic vehicle plate as recognized by the General Statues - Antique Automobile (applies to cars 35 to 49 years old) or Horseless Carriage (applies to cars 50 years or older).
  •  It is owned by an individual and not used in connection with a business.
  •  It is maintained primarily for use in exhibitions, club activities, parades, and other public interest functions & is only occasionally used for other purposes.