HB1502
To Amend The Law Concerning The Registration And Licensing Of A Historic Or Special Interest Vehicle; And To Amend The Law Concerning Antique Motor Vehicle Special License Plates.
AI-Generated Summary
This bill proposes amendments to Arkansas law regarding the registration and licensing of historic or special interest vehicles. Specifically, it alters the age requirement for a vehicle to be considered historic or special interest. Currently, vehicles must be forty-five years of age or older to qualify. The bill seeks to lower this threshold to thirty years of age. This change would apply to applications for registration or transfer of title. It would also affect the eligibility of reproduction or facsimile vehicles for historic registration, requiring them to also be at least thirty years old. Additionally, the definition of an "antique license plate" would be updated to align with the new thirty-year age requirement for historic or special interest vehicles. This would permit owners of vehicles meeting the new criteria to utilize license plates that match their vehicle's model year. The core purpose is to expand the range of vehicles eligible for historic or special interest registration and associated license plates.
Potential Impact Analysis
Who Might Benefit?
The primary beneficiaries of this bill would be owners of vehicles that are between thirty and forty-four years old. These individuals would now be eligible to register their vehicles as historic or special interest vehicles, potentially qualifying for a special license plate and a reduced registration fee of seven dollars. This would allow a broader range of classic and vintage car enthusiasts to display their vehicles with distinctive plates, fostering a larger community of owners who can benefit from the provisions for historic vehicles.
Who Might Suffer?
There are no directly and negatively impacted groups or entities explicitly identified in this bill text. The changes are primarily procedural and definitional, aimed at expanding eligibility rather than imposing new burdens or restrictions. Any potential negative impact would likely be indirect, such as a slight increase in the administrative workload for the Department of Motor Vehicles to process a potentially larger volume of historic vehicle registrations. However, this is not a direct negative impact on a specific group of people or entities.